【$ONT Signal】Short squeeze setup, bounce equals long entry

$ONT 1H breakout followed by high-level consolidation, 4H Bollinger Bands opening upward, price stabilizing above the middle band. MACD double lines crossing bullishly with increasing volume, bullish momentum maintained.

🎯Direction: Long

⚡Entry/Order: 0.0667 - 0.0685

🛑Stop Loss: 0.0642

🚀Target 1: 0.0855

🚀Target 2: 0.0940

🛡️Trade Management:
- Execution Strategy: After price hits the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0710 and falls back, consider partial early exit.

Funding rate has turned negative, but open interest remains stable, and price has not dropped sharply along with the rate. This divergence often signals a short squeeze. Buy-side depth on the 1-hour chart is clearly accumulating around 0.073, quickly absorbing selling pressure. RSI hovers near 70 without entering extreme overbought territory, and the upward channel remains valid. Current risk-reward ratio exceeds 4:1, making it worthwhile to use a smaller stop loss to bet on trend continuation.

View real-time market 👇 $ONT
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