【$ONDO Signal】Long - 1H strong breakout, funding squeeze in progress

$ONDO The 1H timeframe has broken through the previous consolidation zone with strong momentum driven by massive volume, reaching new highs. A single large bullish candle on the 4H chart has directly reversed the downtrend, forming a V-shaped reversal. Although RSI has entered the overbought zone, open interest remains stable, and the funding rate is as high as 0.1%, indicating that the bears are being squeezed, and the short squeeze may continue.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1125 - 0.1135 (Reason: The EMA20 dynamic support on the 1H chart, which is also the current consolidation platform )

🛑Stop Loss: 0.1070 (Reason: Break below the start of the previous 1H bullish candle and ATR (0.0065) lower band )

🚀Target 1: 0.1180 (Reason: Based on the recent rally’s 1.382 Fibonacci extension level )

🚀Target 2: 0.1220 (Reason: 1.618 Fibonacci extension level and psychological round number )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Daily gains have exceeded 34%, volatility is high, and risk is elevated )

- Execution Strategy: After the price reaches 0.1180, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1130. If the price cannot hold above 0.1150 and falls back, consider exiting early.

Deep Logic: The trading volume in the past 4 hours has exploded, more than ten times the previous levels, a clear signal of main capital entering. Open interest remains stable rather than decreasing, indicating this is not just short covering but new long positions opening. The order book shows buy-side depth (bid_ask_ratio_depth=3.73) far exceeds sell-side, providing strong support below. The high funding rate is risky but also indicates ongoing momentum in the short squeeze. Before the trend exhausts, follow the trend.

Trade here 👇 $ONDO

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