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【$ON Signal】Long pullback orders + order book depth support
$ON The buy order placement density near the $ON
order book is 1.88, and the resting bids around 0.1685 are clearly holding the bottom. After three consecutive 1H candlesticks probing the low at 0.1651, price quickly rebounded and reclaimed; the bearish selling pressure was digested rapidly. The 4H Bollinger middle band at 0.1467 provides trend support. Although the MACD histogram bars are narrowing, they are still positive, and the bullish trend has not broken. The funding rate of 0.0126% shows no abnormalities, and OI is stable; clear short-term ranging/pullback (chop) characteristics are evident.
🎯 Direction: long
⚡ Entry/limit orders: 0.168593 - 0.169100
🛑 Stop loss: 0.167409
🚀 Target 1: 0.171636
🚀 Target 2: 0.172905
🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to the break-even level. If the price drops back to the entry zone, automatically exit to protect principal.
Depth logic: 1H RSI at 55 is neutral; 4H RSI at 63 is not overbought. The 0.168 area below has been verified multiple times, and the needle-catch (support-tap) success rate is relatively high. The risk-reward ratio is 1.5, and the stop loss is only 0.7%, making it suitable for short-term trading speculation.
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