【$ONT Signal】Pullback to EMA20, confirm long on the right side

$ONT After a massive surge on the 1H timeframe followed by decreasing volume, the price is consolidating around 0.0637. The 4-hour MACD has a golden cross and continues to expand, while the 1-hour RSI has fallen back from a high level to 79.5, indicating strong buying momentum. The order book shows heavy orders in the 0.0620 to 0.0630 range, with clear intent of support from funds.

🎯Direction: Long

⚡Entry: Buy in stages within the 0.0542 - 0.0546 range

🛑Stop Loss: Below 0.0542

🚀Target 1: 0.0563

🚀Target 2: 0.0572

🛡️Trade Management:
- Execution Strategy: After reaching the first target, halve the position, and move the remaining stop loss to the entry price. If the price cannot hold above 0.0546, exit proactively and wait.

Position volume remains stable during the rally, with no large-scale profit-taking. Negative funding rates have been crushed out, putting significant cost pressure on short positions, with potential for short squeeze. The 1-hour Bollinger Bands are opening upward, with the price near the upper band, indicating strong consolidation. In this structure, a pullback to key moving averages offers a relatively favorable risk-reward entry point.

Check real-time market 👇 $ONT
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