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【$ONT Signal】4H breaks above Bollinger upper band, 1H pulls back to go long
$ONT 4H Bollinger upper band at 0.0634 has been broken, opening up space, MACD histogram continues to expand, bullish momentum has not yet exhausted. But 1H volume sharply dropped from 400 million to 70 million, buying pressure weakening. Funding rate -0.625%, bears crowding but price not falling, forming a potential short squeeze structure. A pullback to around 0.0605 is a good entry point for long.
🎯Direction: Long
⚡Entry/Order: 0.0605
🛑Stop loss: 0.0593
🚀Target 1: 0.0639
🚀Target 2: 0.0642
🛡️Trade management: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back to entry level, automatically exit to protect principal.
Depth logic: OI stable, short funding rate very low, once price stabilizes, short covering will push the price higher. Current risk-reward ratio is about 1:0.3, not excellent, but negative funding rate is a potential trigger point.
View real-time market 👇 $ONT
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