【$ON Signal】Go long + deep support rebound

The buy orders around $ON 0.2427 have a resting order depth 2.23 times that of the sell side, and the intention to provide capital support is clear. The 1H MACD bearish momentum has started to weaken to exhaustion; RSI 41 is nearing the oversold zone, and the buyback strength below is increasing. The 4H Bollinger Bands are opening upward; the EMA20/50 bullish alignment remains in place as the trend backdrop. The current price is within the recommended entry range: the short-side incremental volume is insufficient, and the short-term rebound window is open.
🎯 Direction: Go long
⚡ Entry/Limit orders: 0.2419 - 0.2427
🛑 Stop loss: 0.2403
🚀 Target 1: 0.2463
🚀 Target 2: 0.2482
🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce position by 50% and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.
After the 4H trading volume expands, a pullback comes on reduced volume; open interest remains stable. The funding rate at 0.005% is neutral-to-bullish, and the shorts lack sustained momentum. With this risk-reward ratio, it’s worth taking a bet on short-term recovery.
View real-time quotes 👇 $ON
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