【$ON Signal】Pullback to go long, 1H level accumulating for launch

$ON The 1H level is consolidating around 0.148, with the 4H Bollinger upper band at 0.1632 forming short-term resistance, but the 1H EMA20 (0.1401) and EMA50 (0.1203) form a bullish alignment supporting the bottom.
Although the 1H MACD histogram shows bearish expansion, the 4H MACD remains above the golden cross, indicating the long-term trend is intact.
Market depth data shows buy orders dominate, and the funding rate of 0.0805% indicates mild bullish sentiment, not yet in frenzy, providing room for a healthy correction.

🎯Direction: Pullback to go long

⚡Entry/Order: Between 0.11493 - 0.14735, focus on placing orders around 0.140 for catching the spike

🛑Stop loss: 0.09870

🚀Target 1: 0.14803

🚀Target 2: 0.14862

🛡️Trade management: - Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price.
If the price fails to hold above the entry zone and turns downward, exit decisively.

The current price has pulled back from the high, with 1H volume shrinking, a normal cooling after a sharp rise.
The 4H price remains firmly above EMA20 (0.1147), and the medium-term structure remains unbroken.
Combined with stable open interest and buy-side depth advantage, there is clear willingness to support lower levels.
This pullback seems more like a preparation for the next wave of surge to previous highs, with an attractive risk-reward ratio in this range.

Check real-time market 👇 $ON
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