【$ON Signal】Pullback to buy / 1H level strong consolidation

$ON 1H level surge then pullback, price consolidating around 0.1288.
After piercing the upper band of the 4H Bollinger, it pulled back; MACD histogram is still expanding, but the 1H MACD fast and slow lines are narrowing, indicating short-term momentum slowing down.
Order book buy depth is dominant, funding rate at 0.1266% shows bullish sentiment, but not at an extreme level.

Price quickly retraced from the high of 0.16, currently forming the first support level around 0.129.
This initial pause after a sharp rise is often not the end but a zone for bulls and bears to switch hands.
Below, 0.1231 (4H Bollinger upper band) and 0.1099 (1H EMA20) are key support zones to watch.

🎯Direction: Pullback to buy

⚡Entry: Place orders around the lower boundary of 0.0960 - 0.1286, preferably near 0.110.

🛑Stop loss: 0.0899

🚀Target 1: 0.1081

🚀Target 2: 0.1141

🛡️Trade management: - Execution strategy: Half position at Target 1, remaining to protect capital.
If price cannot stay above 0.1286, consider taking partial profits early.

1H RSI has fallen back from overbought to 72, providing room for another upward move.
On the 4H level, buy volume significantly increased during the price rally, which is strong evidence of capital inflow, not just emotional hype.
Current open interest remains stable, with no collapse caused by profit-taking, indicating a temporarily healthy chip structure.
The first wave of pullback after a sharp rise offers a better risk-reward ratio than chasing the high.

View real-time market 👇 $ON
---
Follow me: Get more real-time analysis and insights into the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL