[$ONT Signal] Pullback to go long, short squeeze structure initially forming

$ONT 1H timeframe rallies then pulls back, current price retraces with decreasing volume to test EMA20 support. The 4-hour Bollinger Bands are opening upward, with price above the upper band. MACD lines are still expanding above the zero line, but the 1-hour histogram is beginning to shrink, indicating slightly waning momentum. Open interest remains stable, funding rate is slightly negative, suggesting a risk of short squeeze.

🎯Direction: Long

⚡Entry/Order: 0.1018 - 0.1045

🛑Stop Loss: 0.0907

🚀Target 1: 0.1596

🚀Target 2: 0.1871

🛡️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 fails to hold above the 1-hour EMA20 and drops with increased volume, exit early.

The current price has found initial support near the 1-hour moving average, and decreasing volume indicates short-term selling pressure is easing. The 4-hour RSI is approaching 80, signaling short-term overbought conditions. However, in a negative funding rate environment, short positions face ongoing funding costs, providing potential fuel for a continued upward move after a brief consolidation. There are dense buy orders around 0.10, forming a clear support zone. The risk-reward ratio exceeds 4, making this a highly favorable setup.

View real-time market 👇 $ONT
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL