【$ON Signal】The long side breaks above the Bollinger Band upper band; 1H momentum accelerates

$ON RSI 1H 76.78, buy-side depth share 28.81%, Bid/Ask depth ratio 1.81, funding rate 0.0663% positive. The 4H Bollinger Band upper band at 0.2135 has been probed by price; the MACD histogram at 0.0092 continues to expand. Consecutive bullish 1H candles push higher, but the last candle closes with a upper shadow, meaning there is short-term profit-taking pressure. Cool assessment: current risk-reward ratio is 1.5; the stop loss is only a 1% position risk and remains controllable. Before the trend shows signs of exhaustion, going with the trend is better.
🎯Direction: Long
⚡Entry/Place orders: 0.212660 - 0.213300
🛑Stop loss: 0.211167
🚀Target 1: 0.216499
🚀Target 2: 0.218099
🛡️Trade management: - Execute strategy: after reaching target 1, reduce position size by 50%, and move the stop loss up to the break-even level. If price falls back to the entry zone, auto-exit to protect principal.
Depth logic: OI remains stable, funding rate is not overheated, and there is still room for long positions. A second golden cross above the 1H MACD zero line indicates short-term momentum has not yet weakened. If price breaks below 0.2118, momentum will be considered exhausted, and the stop loss will be executed.
View live quotes 👇 $ON
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