$ONDO Signal | High-level oscillation, pullback with long entry logic

$ONDO RSI 90.45 soaring straight to the sky, buying depth ratio of 1.34 indicates funds are still flowing in.
4H Bollinger Band upper band 0.4499 was broken through by the candle, but 1H MACD formed a death cross, indicating selling pressure at high levels is beginning to emerge.
Funding rate is only 0.0028%, no extreme long crowding observed.
Current price 0.4534 slightly above the suggested entry zone upper limit 0.4511, not an ideal point to chase longs.
Waiting for a pullback near 0.4511 to absorb, stop loss at 0.3309 (4H support zone),
Target 1 at 0.4624 (previous high resistance),
Target 2 at 0.5062 (extended 4H upper band).
Short-term profit-taking is accumulating, and a pullback risk objectively exists, but the bullish trend has not been broken.
Risk-reward ratio needs to be weighed by oneself.
🎯Direction: Long (pending order pullback)
⚡Entry/Pending order: 0.4511
🛑Stop loss: 0.3309
🚀Target 1: 0.4624
🚀Target 2: 0.5062
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss to breakeven.
If the price falls back into the entry zone, automatically exit to protect principal.
View real-time market 👇 $ONDO
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