【$ONT Signal】Pullback to Long/Short Structure

$ONT 1H level rebounds and pulls back, with the price consolidating around 0.0606. The upper band of the 4-hour Bollinger Bands at 0.0649 acts as resistance, but the 1-hour EMA20 at 0.0598 forms the first line of defense. The order book depth from 0.0601 to 0.0590 is unusually thick, indicating a clear intention of capital support. Under a negative fee environment, open interest remains stable, and shorts have not actively exited.

🎯Direction: Long

⚡Entry: Buy in batches within the 0.0585 - 0.0595 range

🛑Stop Loss: 0.0573

🚀Target 1: 0.0675

🚀Target 2: 0.0715

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0610, consider exiting early.

The MACD on the 1-hour chart shows a death cross, but the histogram is shrinking, indicating weakening bearish momentum. The 4-hour MACD remains above the zero line, so the trend is not broken. The current risk-reward ratio exceeds 4, making the odds favorable. Liquidity is usually thin in the early hours of the weekend, but thick buy orders reduce the risk of sudden dumps, making a pullback an opportunity.

Check real-time market 👇 $ONT
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