【$ON Signal】Bullish strength continues on the 1H chart; long-versus-short battle under elevated funding rates

$ON 1H RSI 79.7, funding rate 0.0718%. The 4H Bollinger Band upper rail at 0.1900 has been tested multiple times. The last 1H candle’s volume contracted, but the price did not drop. Buy-side order depth is 1.28x higher than sell-side, and the bid support is visible.

🎯Direction: Go long

⚡Entry / Pending orders: 0.1898188 - 0.1903900

🛑Stop-loss: 0.1884861

🚀Target 1: 0.1932459

🚀Target 2: 0.1946738

🛡️ Trade management:
- Execution strategy: After reaching Target 1, cut exposure by 50% and move the stop-loss up to break-even. If price falls back to the entry level, exit automatically to protect capital.

Depth logic: OI stays stable but funding is relatively high, so short-term long positions have rising carry costs. If a sudden surge occurs intraday, it may trigger short-side stop-losses and accelerate the upswing. Conversely, if the rally can’t break after a prolonged push, be alert for profit-taking to flood in. Risk-reward ratio is 1.5; testing the trade is controllable.

View real-time market 👇 $ON
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‍#直通IPO第二期JerseyMikes #长鑫今日上市成交901亿 #ETH重返1900美元