【$ONUSDT Signal】Pullback confirmation, sniper for secondary rally

$ONUSDT The 1H timeframe is building a base around 0.17, the 4-hour MACD fast and slow lines are still above zero, but the 1-hour histogram has turned negative, indicating short-term momentum is weakening. Market data shows selling pressure accumulating above 0.1709, while there is dense support from buyers around 0.1705. This rally from 0.12 to 0.26 requires a healthy pullback to digest profit-taking, and the current risk-reward ratio is very attractive.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: Gradually enter in the 0.1640 - 0.1682 range

🛑Stop loss: 0.1460

🚀Target 1: 0.2572

🚀Target 2: 0.3017

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1680, consider exiting early.

Funding rate is significantly negative, indicating potential short squeeze. Open interest remains stable, suggesting funds are not exiting en masse. The 1-hour RSI has fallen from overbought territory to neutral, providing room for another upward move. The 0.164-0.168 zone below, coinciding with the 4-hour EMA20 and previous breakout platform, is an ideal defensive and counterattack position. Patience is more valuable than impulsiveness in this trend.

Check real-time market 👇 $ONUSDT
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