【$ONUSDT Signal】Pullback to buy, capital support clearly indicates intention

$ONUSDT 1H timeframe retraced over 30% from the high of 0.26, currently consolidating around 0.1665. The upper band of the 4-hour Bollinger Bands at 0.1741 acts as short-term resistance, but the 1-hour EMA20 at 0.1616 forms the first line of defense. The order book shows buy walls accumulating over 12,000 USDT in the 0.1658-0.1660 range, with relatively sparse sell orders, fully revealing the capital support intention.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.1568 - 0.1608 range

🛑Stop Loss: 0.1382

🚀Target 1: 0.2512

🚀Target 2: 0.2963

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.1608, consider exiting early.

Negative funding rate of -0.42% continues to pressure bears, with open interest stable at a high of $37.8 million. The price has withstood selling pressure without making new lows, a typical short squeeze buildup pattern. The 1-hour RSI has fallen from overbought to 54, indicating healthy momentum recovery. The 4-hour MACD fast and slow lines remain above zero, so the bullish trend remains intact. This risk-reward ratio justifies using a smaller position to aim for over 50% upside, with the key being whether the dense buy zone below can be held.

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