【$ONDO Signal】Short squeeze continues, dip to go long

$ONDO 1H timeframe hugging the Bollinger upper band with a surge, 4H MACD histogram still expanding, but RSI has already surged to 87.6, indicating a severe imbalance in buying pressure, with sell orders outnumbering buy orders by 47%. After this rapid rally, chasing the high directly results in a poor risk-reward ratio.

🎯Direction: Pullback to go long

⚡Entry/Order: Place a pending order around 0.1148

🛑Stop loss: 0.0982

🚀Target 1: 0.1481

🚀Target 2: 0.1647

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

Funding rate is as high as 0.12%, and shorts are still paying high costs. The 1-hour EMA20 forms the first dynamic support at 0.1402, while the 4H Bollinger upper band has been broken above 0.1664. The order book shows selling pressure beginning to accumulate above 0.18, but the 0.115 to 0.117 zone below is a previous breakout platform and EMA50 resonance area, with decent order depth. Stable open interest indicates this is not purely spot-driven, and contract holders are still actively trading. A deep retracement to this area will clearly show the intention of capital support.

Check real-time market 👇 $ONDO
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