【$ONT Signal】Pullback confirmation, bulls launch a second attack

$ONT 1H level pullback to EMA20 finds support, and the price reclaims 0.1160. The 4-hour MACD fast and slow lines remain above zero, but the histogram begins to shrink, indicating that upward momentum is slowing. The 1-hour RSI has fallen from overbought territory to around 57, providing a healthy correction space. The order book shows heavy buy orders in the 0.1150-0.1160 range, with clear support intentions.

🎯Direction: Long

⚡Entry: Enter immediately at around 0.1164, or accumulate in parts on a pullback to the 0.1150-0.1155 range.

🛑Stop Loss: Below 0.1143

🚀Target 1: 0.1250

🚀Target 2: 0.1330

🛡️Trade Management:
- Execution strategy: Reduce half of the position after reaching 0.1250, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1180 and falls back, consider exiting early.

Funding rates remain negative, but open interest is stable, which weakens the urgency of short squeeze and suggests a healthy turnover. The middle band of the 1-hour Bollinger Bands provides dynamic support, combined with dense buy orders below, increasing the probability of testing the previous high of 0.1338 again. The current risk-reward ratio is close to 4:1, making this trade’s risk-return profile quite clear.

View real-time market 👇 $ONT
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