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$ON Signal: Go long; the 1H overbought-zone battle is ongoing
$ON 1H RSI is 80.19, and the MACD histogram is contracting in sync. On 4H, the Bollinger Bands are opening upward, and the mid-band support at 0.1426 is firm. Order book depth shows sell orders make up 67%, and the funding rate is 0.0672%, which is relatively high.
🎯Direction: Long
⚡Entry/limit orders: Place orders in the 0.1785 - 0.1791 range
🛑Stop loss: 0.1773
🚀Target 1: 0.1817
🚀Target 2: 0.1831
🛡️Trade management: When reaching Target 1, reduce 50%; move the stop loss to the entry price. If the price retraces below 0.1785, exit.
The funding rate is high, but OI is stable; the short-squeeze may not be over yet in the short term. Control position size and avoid chasing price.
Check live market data 👇 $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