【$ON Signal】1H breaks above the Bollinger Band upper rail, bulls gain momentum and confirm

$ON 1H RSI is capped at a high level of 85, MACD bullish bars are still expanding in volume. The Bollinger Band upper rail at 0.2723 is continuously broken through by body candles; the current price 0.2805 has already stood above the upper rail. On 4H, MACD golden cross diverges; bid depth has a premium of 14%, and the funding rate of 0.0477% has not triggered panic.

🎯Direction: Long

⚡Entry/limit orders: 0.27967 - 0.28052 (directly snipe within the current range)

🛑Stop loss: 0.26649

🚀Target 1: 0.30156

🚀Target 2: 0.31208

🛡️Trade management:
- Execution plan: After reaching Target 1, cut 50% and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.

Deeper logic: Trading volume on 1H expands clearly during the ramp-up phase; sell-side limit orders are quickly absorbed, and the buy-side actively pushes up—strong intent to buy. Even though the funding rate is relatively high, OI remains stable with no decline, and near-term short squeeze momentum has not exhausted. The 0.27-0.28 region forms a cost-basis support; pullbacks present opportunities to go long.

View live market 👇 $ON
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