【$ONG Signal】Short squeeze continues, pullback is a buy signal

$ONG 1H timeframe shows a rally followed by consolidation at high levels, the price has already broken above the upper Bollinger Band, and the 4-hour MACD histogram is still expanding.

🎯Direction: Long

⚡Entry/Order: 0.09370 - 0.09612

🛑Stop Loss: 0.08510

🚀Target 1: 0.14019

🚀Target 2: 0.16222

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Negative funding rate as high as -1.86%, but open interest remains stable, and the price refuses deep correction, indicating a typical short squeeze structure. The 1-hour RSI is around 76 and shows signs of fatigue, suggesting buying momentum is still present. Market depth data shows buy orders far exceed sell orders, with clear capital support intentions. In this environment, a deep pullback is an opportunity, with a risk-reward ratio over 4:1, making it worth positioning.

View real-time market 👇 $ONG
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #三月非农数据来袭 #加密市场行情震荡