【$ONT Signal】Short squeeze setup, pull back to add long positions

$ONT On the 1H timeframe, after a massive rally and high-level consolidation, the 4-hour MACD fast and slow lines are opening upward, indicating that bullish momentum is still expanding. The current price is around 0.0716, and the 1-hour RSI has pulled back from the high to 67, which is a healthy correction. The order book shows a mountain of buy orders in the 0.0700 to 0.0710 range, clearly indicating a support from funds.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.0644 and 0.0661

🛑Stop Loss: 0.0623

🚀Target 1: 0.0811

🚀Target 2: 0.0887

🛡️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.

Funding rates remain negative, but open interest is stable, indicating a typical short squeeze structure. The 20 EMA on the 1-hour chart forms dynamic support at 0.0664, closely aligning with the suggested entry zone. The upper band of the 4-hour Bollinger Bands is at 0.0730, which may face initial resistance, but if volume persists, a breakout is only a matter of time. Under this structure, the risk-reward ratio exceeds 4:1, making it worthwhile to take limited risk to bet on upward potential.

Check real-time market 👇 $ONT
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