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【$ON Signal】Go long | Buy-side depth support + MACD bullish alignment
$ON 1H MACD histogram narrowing, buy-side depth at 1.11 still leads. Price retraces near 0.165; the 4H Bollinger Band upper track at 0.1749 forms near-term resistance. The bullish line of defense is near 0.158; set the stop loss here. The risk-reward ratio is about 1.5, and the continuation of short-term trading remains acceptable.
🎯Direction: long
⚡Entry/limit order: 0.1660105 - 0.1665100
🛑Stop loss: 0.1581845
🚀Target 1: 0.1789982
🚀Target 2: 0.1852424
🛡️Trade management:
- Execution strategy: After reaching Target 1, cut 50% position size, and move the stop loss up to the break-even level. If the price falls back to the entry price, automatically exit to protect principal.
Depth logic: The 4H Bollinger Band opening expands, and bullish momentum has not yet faded. 1H RSI at 69 is deviated above the overbought zone and still has room, but be alert to rotation and profit-taking at high levels. Chasing longs from this position requires strict stop loss—don’t linger.
Check live market 👇 $ON
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