【$ONDO Signal】Overbought squeeze, waiting for a pullback to go long

$ONDO RSI 4H 89.78, Bollinger upper band 0.4324 has been broken through and stabilized, MACD 4H histogram still expanding. The 1H buying ratio has fallen back to 0.53, funding rate at 0.005% is neutral. Current price 0.4449 is above the suggested range upper limit 0.4427, directly chasing longs offers a very low risk-reward ratio. Be patient and wait for a pullback to the upper boundary of the range for a safer entry.
🎯Direction: Long (wait for pullback to place order)
⚡Entry/Order: 0.4427
🛑Stop Loss: 0.3258
🚀Target 1: 0.4457
🚀Target 2: 0.4856
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break-even; if price drops below entry point, exit automatically.
Depth logic: 4H continues to volume up, but 1H RSI has turned from high levels, short-term profit-taking pressure increases. The pullback to 0.4427 is at the intersection of the 4H middle Bollinger band and EMA20, with support from buy orders below. If this level holds, the bulls’ next push target is 0.4856. Breaking the previous high of 0.4653 requires volume confirmation; otherwise, expect continued consolidation.
Check real-time market 👇 $ONDO
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