【$ONDO Signal】1H Pullback Long Entry, Negative Funding Support

$ONDO 1H RSI 74.58, Buy Depth Ratio 54.6%. Price retreated from the high of 0.4882 to 0.4648, MACD histogram converging but the fast line still above zero. Funding rate -0.001% indicates high cost for short positions, open interest stable with no significant liquidations. The middle band of Bollinger Bands at 0.4264 provides support below, current price still about 9% above the middle band.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: Range order at 0.4625 - 0.4671

🛑Stop Loss: 0.4588

🚀Target 1: 0.4839

🚀Target 2: 0.4922

🛡️Trade Management: Reduce 50% of position upon reaching Target 1, move stop loss to break-even. If price falls below the entry zone, strictly exit with stop loss. This trade is a rebound after short squeeze congestion, with a risk-reward ratio of about 2:1, worth a shot.

Depth Logic: Negative funding rate + stable open interest + price not breaking above 1H EMA20 (0.4292), forming a typical short squeeze rebound pattern. RSI is high but not overbought, with deep buy support (bid_ask_ratio 1.14), short-term selling pressure quickly absorbed. Chasing high here carries risk, but a pullback to 0.4625-0.4671 with tight stop loss offers a clear direction.

Check real-time market 👇 $ONDO
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