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【$ON Signal】Pullback to go long, 1H level funds clearly support
$ON The 1H level repeatedly tests around 0.145, EMA20 support is effective, buy volume is 1.66 times sell volume, the fund support intention is fully exposed. The 4H MACD remains above the zero line, but the histogram narrows, indicating a strong consolidation.
🎯Direction: Pullback to buy
⚡Entry: Enter directly around the current price of 0.14735, or place a pending order at 0.11493 to catch a deep pullback.
🛑Stop loss: 0.09870
🚀Target 1: 0.14803
🚀Target 2: 0.14862
🛡️Trade management: - Execute strategy: After the price reaches 0.14803, halve the position, and move the remaining stop loss up to the entry price. If the price cannot stay above 0.147 and drops again, consider exiting and observing.
Currently, the 1-hour RSI has fallen from a high to 58, providing room for another upward move. The 4H Bollinger upper band is at 0.1632, which is the next potential resistance zone. The order book depth imbalance is 24.71%, showing strong willingness to support below, but after a short-term surge, profit-taking needs to be digested. The risk-reward ratio is acceptable for entry at this position.
Check real-time quotes 👇 $ON
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