【$ONG Signal】Pullback to go long / Short squeeze continuation

$ONG 1H level violent rally followed by high-level consolidation, RSI soaring to 85.95, buying momentum extremely excited. 4-hour Bollinger Bands fully expanded, price above upper band, MACD double lines strongly diverging. Negative funding rate as high as -1.34%, but open interest stable, price firm, typical short squeeze structure.

🎯Direction: Long

⚡Entry/Order: 0.0722 - 0.0740 zone staggered placement

🛑Stop loss: 0.0698

🚀Target 1: 0.0909

🚀Target 2: 0.0994

🛡️Trade management:
- Execution strategy: After the price hits the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0740, actively exit and observe.

Order book shows significant sell orders stacked above 0.0932, but buy orders are heavily stacked in the 0.0929 to 0.0930 range below, revealing capital support intentions. 1-hour volume did not significantly shrink after the rally, indicating sufficient turnover. In this negative funding rate environment, the price staying firm often means continued pressure from forced long liquidations, and a pullback to the short-term moving average is a better risk-reward entry point.

Check real-time market 👇 $ONG
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