【$ONT Signal】Short squeeze retracement, bulls gathering strength

$ONT 1H level retraces to EMA20, buying depth is solid, with dense orders below in the 0.0585-0.0602 range. The 4-hour MACD remains in a bullish crossover, but the 1-hour momentum is contracting, a typical healthy retracement after a rally. The rate has dropped to -0.22%, indicating very high short-term holding costs. Once the price stabilizes, short squeeze pressure will be quickly released.

🎯Direction: Long

⚡Entry/Order: 0.0595 - 0.0602

🛑Stop Loss: 0.0580

🚀Target 1: 0.0676

🚀Target 2: 0.0714

🛡️Trade Management:
- Execution Strategy: After the price reaches 0.0676, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for the second target. If the price falls back below 0.0605, consider exiting all positions.

Position remains stable; the price has pulled back from the high but hasn't triggered large-scale liquidations, indicating main funds have not exited. The 1-hour RSI is supported around 55 and has not entered overbought territory, leaving room for upward movement. Order book data shows heavy buy orders below 0.060, quickly absorbing selling pressure. In this negative rate environment, the price's resilience often signals preparation for the next rally. Risk-reward ratio exceeds 3.5, making it worthwhile to use a small stop loss to attempt a bullish impulse.

View real-time market 👇 $ONT
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