【$ONT Signal】Pullback to go long, main force clearly intends to defend the market

$ONT After a surge on the 1H timeframe, volume decreased during consolidation. The 4H Bollinger Bands are fully open, and the price has broken above the upper band. RSI soared to 77, indicating short-term overbought conditions, but open interest remains stable, and the price is holding strong under negative funding rates. This is a typical short squeeze structure.

🎯Direction: Long

⚡Entry/Order: 0.0696 - 0.0714

🛑Stop Loss: 0.0660

🚀Target 1: 0.0932

🚀Target 2: 0.1041

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

A large number of buy orders are stacked below 0.079, indicating strong support. The 4-hour MACD fast and slow lines are opening upward, and momentum is still expanding. In this negative funding rate environment, open interest is not decreasing but stabilizing, and the bearish passive situation remains unchanged. The current risk-reward ratio exceeds 4, and a pullback to the 1-hour EMA20 is an ideal setup, offering a very favorable risk-reward ratio.

View real-time market 👇 $ONT
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