【$ONDO Signal】Pullback offers multiple trading opportunities, potential short squeeze under negative funding rate

$ONDO 1H three consecutive bearish candles, price retraced from 0.3994 to 0.3765, trading volume decreasing. The 4H MACD histogram remains positive but narrows, indicating diminishing bullish momentum; the upper Bollinger Band at 0.3882 forms short-term resistance. Order book shows buy orders accumulating between 0.3745-0.3646, funding rate at -0.004% is relatively low, suggesting the possibility of short covering.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.3745 - 0.3646
🛑Stop loss: 0.3617
🚀Target 1: 0.3765
🚀Target 2: 0.3780
🛡️Trade management: - Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
Depth logic: Persistent negative funding rate indicates short accumulation, but the 1H has formed a short-term downtrend channel. The entry zone coincides with the 4H EMA50 (0.3665), a strong psychological support level. RSI on 1H is at 54, leaving room to decline, but 4H RSI at 55 is not overbought. Waiting for a bearish reversal candlestick on 1H to re-enter offers better risk-reward.
View real-time market 👇 $ONDO
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