【$ONG Signal】Funding rate deeply negative, short squeeze structure is clear

$ONG After 1H volume breakout, price consolidates at highs. MACD red bars haven't shrunk, but RSI touches 78.97 overbought zone. On 4H, the upper Bollinger Band at 0.0503 has been broken, current price 0.05446 far exceeds the middle band 0.0458, with deviation of 19%. Sell pressure is concentrated on the order book, depth imbalance -35.91%, Bid/Ask ratio 0.47 shows insufficient buying appetite. However, the funding rate at -1.55% is extremely abnormal, OI hasn't decreased, shorts appear trapped. Negative rate + price holding firm, momentum for long liquidation of shorts is sufficient.
🎯Direction: long
⚡Entry/Limit: 0.0542966 - 0.0544600
🛑Stop Loss: 0.0539154
🚀Target 1: 0.0552769
🚀Target 2: 0.0556854
🛡️Trade Management: - Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.
Deep logic: RSI is high but without divergence, 1H volume peak of 79.94M then shrinks, short-term chasing requires caution for pullback risk. Shorts resist clearly, but extreme negative rate may trigger concentrated liquidations, risk-reward ratio 1.5 is acceptable.
Check real-time quotes 👇 $ONG
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