$ONDO Signal | 1H Break above Bollinger upper band, overbought zone trading


$ONDO RSI surging to 91, clear buy-side gap. 4H Bollinger upper band at 0.4522 has been broken, price continues to rise. 1H MACD histogram narrows, momentum wanes. Market sell pressure increases, Bid/Ask Ratio 0.81. Funding rate 0.005%, neutral. Current risk-reward ratio is poor, waiting for a pullback to better entry.
🎯Direction: Long (wait for pullback orders)
⚡Entry/Order: 0.4609
🛑Stop Loss: 0.3313
🚀Target 1: 0.4640
🚀Target 2: 0.5082
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect capital.
This rally is strong, but the risk-to-reward of chasing high is severely mismatched; wait for confirmation around 0.4609.
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