【$ON Signal】Pullback to go long! 1H level retest confirmation, clear signs of main force supporting the market

After experiencing a massive surge, the 1H level is undergoing a healthy correction. The current price is oscillating around 0.1075, just retesting below the 1H EMA20 (0.1086) and stabilizing, which is a standard retest action in a strong trend. On the 4H level, the price has broken through the long-term downtrend and is in the early confirmation stage of trend reversal. Market logic suggests ‘price rising, please consider open interest (OI) stability,’ and OI remains stable without significant decline due to the correction, indicating that the main force has not exited the market, showing a strong consolidation.

🎯Direction: Long $ON Long(

🎯Entry/Order: 0.1070 - 0.1075 )Reason: Retest of 1H EMA20 support area, heavy buy orders on the order book (

🛑Stop loss: 0.1048 )Reason: Break below the previous hour’s lowest candle and the key psychological level 0.1050 (

🚀Target 1: 0.1120 )Reason: Previous high resistance level, also the upper boundary of the previous 1H consolidation zone (

🚀Target 2: 0.1175 )Reason: Recent rebound high point, breaking through could test 0.1200 (

🛡️Trade management:

- Position suggestion: Light position )Reason: Hot Coin is highly volatile, and the 4H trend has just started, risk control is necessary (

- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price cannot hold above 0.1100 and falls back to the entry zone, consider closing the position and observing.

Deep logic: Market depth shows buy orders (bids) slightly stronger than sell orders (asks), with a depth imbalance of -26.76%. Sell orders are relatively sparse, making it easier to break through resistance levels like 0.1078. The 1H RSI is at 51.86, in a healthy neutral zone with ample room for upward movement. The funding rate of 0.0248% is positive but not high, indicating no serious short squeeze risk, and the environment is healthy and bullish. Key point: whether the price can re-establish above the 1H EMA20 and increase volume within the next 1-2 candles.

Trade here 👇 )
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