【$ON Signal】Pullback to go long, 4H Bollinger upper band accumulating strength

$ON 1H level surge and pullback, price quickly retraced from 0.1663 to around 0.14. The 4H Bollinger upper band at 0.1399 was briefly pierced, and currently the price is consolidating below it. The 1H MACD histogram begins to shrink, but the 4H MACD double lines are still strongly expanding above the zero line. Market depth shows sell orders are 16.88% more than buy orders, but the price has not further declined, indicating weak downward pressure.

The price retraced to near the lower boundary of the 0.12355 - 0.13942 range, which is a good position for accumulation.

⚡Entry: Place buy orders around 0.12355.

🛑Stop loss: 0.11910.

🚀Target 1: 0.14022.

🚀Target 2: 0.14078.

🛡️Trade management: - Execute strategy: halve the position at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.139, consider exiting early.

The 4H EMA20 and EMA50 have formed a bullish alignment, and the medium-term structure remains intact. The volume during this correction on the 1H level has increased, but the imbalance in buy depth did not trigger panic selling, more like profit-taking. The funding rate at 0.0943% is relatively high, increasing short-term volatility risk, but open interest remains stable, with no signs of large-scale long liquidation. The risk-reward ratio is close to 1:4, making this position worth a try.

Check real-time market 👇 $ON
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #Gate13周年现场直击 #比特币反弹