【$ON Signal】Long continuation — 1H squeeze continues

$ON The sell-side depth crushes the buy-side by 3x. $ON
There’s extremely weak support at 0.24215, but the funding rate of 0.0495% is already at an extremely high level, with long positions’ average costs staying elevated. The 1H Bollinger upper band at 0.2468 has not been broken yet. The 4H MACD histogram bars keep expanding, and momentum has not yet exhausted.
🎯 Direction: Go long
⚡ Entry/limit orders: 0.24142 - 0.24215
🛑 Stop-loss: 0.23973
🚀 Target 1: 0.24578
🚀 Target 2: 0.24760
🛡️ Trade management: - Strategy execution: After reaching Target 1, reduce position size by 50%, and move the stop-loss up to breakeven. If price falls back to the entry area, exit automatically to protect principal.
Depth logic: Long costs have surged while price remains firm; it’s not ruled out that the shorts get forced to close and push the move. The 1H trading volume sharply dropped after 13:00; a turning point is coming soon.
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