【$ONT Signal】Short squeeze continues, dip to go long

$ONT 1H timeframe shows strong consolidation at high levels, 4H Bollinger Bands opening upward, price above the upper band. MACD shows a bullish crossover, indicating strong bullish momentum. Open interest remains stable, and despite a negative funding rate environment, prices remain firm, and the short squeeze structure remains intact.

🎯Direction: Long

⚡Entry/Order: 0.1035 - 0.1042

🛑Stop Loss: 0.1010

🚀Target 1: 0.1120

🚀Target 2: 0.1180

🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after price reaches 0.1120, with the remaining position’s stop loss moved up to the entry price. If the price cannot hold above 0.1050, consider taking partial profits early.

Order book shows thick buy orders around 0.1035, indicating clear support. Although the 1-hour RSI is in the overbought zone, no bearish divergence has formed, allowing the market to remain strong and indicators to relax. The 4-hour volume has significantly increased during the rally, confirming genuine buying pressure. Current risk-reward ratio is close to 1:4, making it manageable. The key is precise entry timing to avoid chasing at short-term emotional highs.

Check real-time market 👇 $ONT
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL