【$ONT Signal】Pullback to go long, 1H level shrinking volume confirms support

$ONT After a massive surge at the 1H level, the price consolidates at around 0.0743 at a high level, with trading volume sharply decreasing. The 4-hour Bollinger Bands are fully open, the price is above the upper band, and after a MACD golden cross, the histogram continues to expand. The 1-hour RSI skyrocketed to 83.24, entering the overbought zone, but the price did not quickly fall back, indicating buying interest still exists. Market depth data shows that sell orders above 0.0744 are significantly thickened, forming a short-term resistance wall.

🎯Direction: Long

⚡Entry/Orders: 0.0619 - 0.0635

🛑Stop Loss: 0.0607

🚀Target 1: 0.0746

🚀Target 2: 0.0802

🛡️Trade Management:
- Execution Strategy: After the price reaches the first target of 0.0746, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot break through the sell pressure zone of 0.0744-0.0746 and falls back, consider exiting early.

Current position volume remains stable, funding rate is significantly negative, indicating potential short squeeze. The 1-hour price has moved far away from EMA20, so chasing the high directly involves higher risk. A more prudent strategy is to wait for the price to pull back to the 1-hour moving average cluster around 0.062. This area is also the starting point of a massive bullish candle, with solid buy depth. This initial volume shrinkage after a sharp rise is often a prelude to bulls regaining strength.

View real-time market 👇 $ONT
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