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【$ONDO Signal】Overbought at high levels, waiting for a pullback to buy
$ONDO 1H RSI soared to 88.3, MACD histogram beginning to shrink, clear gap in buying pressure. The 4H Bollinger upper band at 0.4176 has been broken through, price deviates too far from the moving average, short-term chasing high risk sharply increases.
🎯Direction: Watch (Pending order)
⚡Entry/Pending order: 0.4370
🛑Stop loss: 0.3213
🚀Target 1: 0.4396
🚀Target 2: 0.4413
🛡️Trade management: - Only place a pending order at 0.4370 for a quick entry; if not triggered, abandon. Once entered, strictly follow the stop loss, reduce position by 50% at Target 1, and move stop loss to break-even.
Depth logic: Current funding rate is only 0.0017%, no overheating short-squeeze signals; but the order book sell-side depth is clearly suppressing (buy-sell ratio 0.67), high-level selling pressure is accumulating. Waiting for the price to retrace near the 4H previous high of 0.3966 is safer, but pending order placement should be close to the upper limit of the range. View real-time market 👇 $ONDO
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