【$ON Signal】Continuation of short squeeze, dip to go long

$ON 1H timeframe high-level strong consolidation, 4H Bollinger Bands remain widening, price closely hugging the upper band. RSI 1H 73.89, 4H 83.61, overbought zone dulled, a typical feature of strong short squeeze. Market depth shows buy orders nearly 3 times sell orders, fully exposing the capital support intent.

Price repeatedly tests around 0.148 and stabilizes, bulls actively attack.

⚡Entry: Enter directly around current price 0.15481, or place a pending order at 0.10661 for deep pullback.

🛑Stop loss: 0.09452, a break below this level indicates the short squeeze logic has failed.

🚀Target 1: 0.15556, near the previous high, first resistance level.

🚀Target 2: 0.15619, inertial surge after breaking the previous high.

🛡️Trade management: - Execution strategy: Halve the position after reaching 0.15556, and move the remaining stop loss up to the entry price. If price cannot hold above 0.154 and falls back, consider exiting early.

4-hour MACD shows a golden cross with histogram bars continuously expanding, trend momentum is strong. Although RSI is extremely high, in such deep short squeeze conditions, indicator failure is normal; the key is to observe buy depth and whether the price can hold key support. Current funding rate is 0.0499%, the long side cost is still acceptable, not at extreme levels. Position volume remains stable, no profit-taking collapse observed. Under this structure, the risk of top guessing is much greater than riding the trend.

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