【$ON Signal】Pullback to go long, 1H level accumulates again for attack

$ON The 1H level hovers near 0.151 at a high level, the 4H Bollinger Band upper band has been pierced, but the buying depth imbalance of 7.33% indicates selling pressure is starting to accumulate above. MACD 1H histogram contracts, momentum temporarily slows, requiring a healthy pullback to digest profit-taking.

🎯Direction: Pullback to go long

⚡Entry/Order: Hidden near the lower boundary of 0.12806 - 0.15027 range

🛑Stop loss: 0.12109

🚀Target 1: 0.14198

🚀Target 2: 0.14895

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Currently, the 4H MACD remains in strong expansion, and the trend has not changed. The 1-hour chart price finds initial support near the EMA20 moving average, but RSI has fallen back from high levels to around 64, leaving room for another upward move. The funding rate of 0.0574% is positive but not extreme, open interest remains stable with no signs of large-scale withdrawal. Chasing high at this position carries high risk, with a poor risk-reward ratio. Patience is advised until the price pulls back to a better entry zone; the dense orders in the 0.128-0.135 area below are ideal for a second entry point.

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