$ON Signal】Bullish momentum accelerates; 1H Bollinger breakout + MACD expansion

$ON On the 1H chart, the upper Bollinger band at 0.1721 was breached by consecutive bullish candles. RSI 81.89 has entered the overbought zone, but the MACD momentum histogram at 0.0055 is still expanding. After the MACD golden cross on the 4H chart, it printed a positive histogram; the value 0.0027 indicates the trend has not weakened. The order book sell-side depth is relatively thick (Bid/Ask 0.18), but the funding rate of 0.054% did not trigger overheated panic—buyers are willing to absorb. In the short term, be cautious of pullbacks caused by depth imbalance, but chasing-buy capital is still pushing price higher.
🎯Direction: Long
⚡Entry/Orders: 0.1732088 - 0.1737300
🛑Stop Loss: 0.1650435
🚀Target 1: 0.1867597
🚀Target 2: 0.1932746
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position size by 50% and move the stop loss up to breakeven. If price falls back to the entry area, automatically exit to protect principal.
Current risk-reward ratio is 1.5. In short-term trading, the probability of pullbacks and re-test exists, but the momentum structure remains bullish; prioritize executing breakout follow-through orders.
View live market data 👇 $ON
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