【$ONUSDT Signal】Short squeeze pullback, second upward move

$ONUSDT 1H timeframe pulls back from Bollinger upper band, price consolidates sideways around 0.195. The 4-hour MACD histogram is still expanding, but the 1-hour histogram is beginning to contract, indicating short-term momentum needs to rebuild. Buy orders are clearly stacked below 0.1955, and selling pressure is being quickly absorbed.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.15695 - 0.16099 range

🛑Stop loss: 0.13640

🚀Target 1: 0.25936

🚀Target 2: 0.30854

🛡️Trade management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Funding rate is as negative as -0.28%, yet open interest remains stable, indicating ongoing pressure on shorts to pay fees. The 1-hour RSI has fallen from overbought territory to around 65, providing a healthy correction space. The 4-hour candlestick remains firmly above the rapidly rising EMA20, with no medium-term structural damage. This combination of negative funding rates and firm price action often signals a short squeeze scenario.

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