【$ONT Signal】Short squeeze pullback, long positions sniper

$ONT After a massive surge on the 1H timeframe, the price has broken above the upper Bollinger Band, RSI soared to 78.8, indicating short-term overbought conditions. However, after the 4H MACD bullish crossover, the histogram continues to expand, open interest remains stable, and the price stays resilient in a negative funding rate environment. This is a typical short squeeze structure. Currently, the price is far from the 1-hour moving average, and chasing the high now significantly increases risk.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: Buy in stages within the 0.0607 - 0.0623 range

🛑Stop Loss: Below 0.0601

🚀Target 1: 0.0710

🚀Target 2: 0.0754

🛡️Trade Management:
- Execution Strategy: When the price reaches 0.0710, reduce positions by 50% and move the stop loss to the entry price. Hold the remaining position for the second target. If the price pulls back to the lower boundary of the entry zone and breaks below, exit unconditionally.

Order book shows unusually thick buy orders in the 0.071-0.072 range, indicating active support from funds. Although the 1-hour RSI is overbought, the 4-hour trend has just turned bullish, and open interest has not shrunk despite the price surge, suggesting that major players have not exited. In a negative funding rate environment, short positions are costly, and any technical pullback could be a springboard for bulls to re-engage. The risk-reward ratio is close to 4:1, making this setup worth a try.

Check real-time market 👇 $ONT
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