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【$ONT Signal】Pullback to go long; the intent of capital support is clear
$ONT 1 After a massive surge on the H timeframe, there is a pullback. Buying depth is imbalanced, and the order wall below is extremely thick. The 4H timeframe price has already pushed out above the Bollinger upper band, but the MACD golden cross continues to expand and momentum has not yet waned.
🎯Direction: Long
⚡Entry/Order placement: Buy in batches within the 0.0814 - 0.0859 range
🛑Stop loss: 0.0807
🚀Target 1: 0.0867
🚀Target 2: 0.0871
🛡️Position management: - Execute the strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the breakeven level. If the price drops back to the entry level, automatically exit to protect principal.
In a negative fee rate environment, the price is still holding strong, and the open position size remains stable. This is not simply a pump to distribute. Over the past 1 hour, the RSI has healthy retraced from the overbought zone to around 67, giving a second chance to get on board. On the order book below 0.085, buy orders totaling several million are stacked, fully exposing the capital support intent. For the shorts to drive through, they would need extremely strong momentum. Under this kind of structure, the pullback is an opportunity, and the risk-reward ratio is worth trying.
View real-time market 👇 $ONT
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