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【$ON Signal】Pullback to buy, 1H level charging up and ready to go
$ON The 1H level is consolidating with decreasing volume above the middle band of Bollinger Bands, and after the 4H MACD fast and slow lines form a golden cross, the bullish momentum slightly converges, but the overall trend remains unchanged.
Market buy depth is dominant, and capital support is clearly intended.
The current price is at the upper end of the suggested entry zone, chasing higher directly offers a poor risk-reward ratio.
A better strategy is to wait for a healthy pullback.
🎯Direction: Buy on pullback
⚡Entry: Place orders around 0.1330.
🛑Stop loss: Below 0.1234.
🚀Target 1: 0.1521.
🚀Target 2: 0.1617.
🛡️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 cannot stabilize in the entry zone, decisively exit and observe.
The 1-hour EMA20 and EMA50 form a bullish alignment, creating dynamic support.
Although the 1H MACD histogram briefly turns negative, the 4H level remains above the zero line in a strong zone, indicating a normal pause during an upward trend.
Combined with a slightly high funding rate of 0.0492%, caution is needed for short-term shakeouts, but a pullback is an opportunity for bulls to re-enter.
The 0.1320-0.1340 area below is a previous high-volume trading zone and moving average resonance band, with expected strong buying support.
Check real-time market 👇 $ON
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