$ON Signal: Break above 1H to chase longs

$ON On the 1H Bollinger Bands, the upper band was broken through and sits at 0.2419. The MACD bullish histogram continues to expand, and RSI 76.39 has entered the overbought zone. On the 4H Bollinger Bands, the upper band at 0.2378 has been effectively held. Although buy-side momentum shows some attenuation, the trend has not been broken. The depth imbalance of -35.92% indicates heavier sell pressure above, but the funding rate at 0.0543% is still low, and short positions are not crowded. The current risk-reward ratio is about 1.5. For short-term chasing longs, watch for sustained volume; if it pulls back on shrinking volume, it may turn into a false breakout.
🎯Direction: Long
⚡Entry/Orders: 0.2397885 - 0.2405100
🛑Stop loss: 0.2381049
🚀Target 1: 0.2441176
🚀Target 2: 0.2459215
🛡️Trade management:
- Execution plan: After reaching Target 1, reduce exposure by 50% and move the stop loss up to breakeven. If price falls back to the entry zone, automatically exit to protect principal.
Check real-time market data 👇 $ON
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