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【$ONT Signal】Pullback to go long, 1H level charging up and ready to launch
$ONT The 1H level repeatedly tests the EMA20 support around 0.0604, with strong buying depth. Below, there are dense orders in the 0.0586-0.0603 range. The 4H MACD fast and slow lines remain above zero, and the bullish structure is intact.
🎯Direction: Long
⚡Entry: Enter directly around 0.0603, or place a buy order at 0.0586 for a trap.
🛑Stop Loss: 0.0585
🚀Target 1: 0.0665
🚀Target 2: 0.0697
🛡️Trade Management:
- Execution Strategy: Reduce half of the position after reaching 0.0665, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0615, consider exiting early.
Position size remains stable, funding rate is slightly negative, shorts are paying fees but the price has not dropped sharply, indicating potential for short squeeze. The 1-hour RSI is around 54, with neutral to slightly strong momentum, not overheated. The current risk-reward ratio exceeds 3, making this trap a good bet.
Check real-time market 👇 $ONT
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