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【$ONT Signal】Pullback ambush, betting on the restart of bullish momentum
$ONT 1H timeframe shows high-level consolidation with decreasing volume, 4H Bollinger Band upper band is acting as resistance.
🎯Direction: Pullback to buy
⚡Entry: Buy in batches within the 0.0634 - 0.0651 range
🛑Stop loss: 0.0616
🚀Target 1: 0.0790
🚀Target 2: 0.0859
🛡️Trade management:
- Execution strategy: Take half profit at Target 1, move the remaining stop loss to the entry price. If the price cannot hold above 0.0650, exit proactively.
Position size remains stable, funds have not exited. The 1-hour MACD histogram is contracting, but the fast and slow lines are still above the zero line. The order book depth shows far more buy orders than sell orders, with a thick wall of bids below 0.0690, indicating clear support from funds. Despite the negative fee environment, prices remain resilient, and the risk of short squeeze is building. The risk-reward ratio exceeds 4:1, making this position a worthwhile limited-risk bet on a bullish momentum restart.
View real-time market 👇 $ONT
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