【$ONDO Signal】Pullback to buy! 1H pullback confirmation, strong signs of main force supporting the market
$ONDO The 1H level experienced a sharp surge yesterday and is now in a healthy correction phase, with the price supported around 0.1085. The 1H RSI (52.95) is returning to neutral, preparing for another upward move. Looking at the 4H level, a large bullish candle yesterday broke through the long-term downtrend, confirming a reversal. Currently, the pullback above the EMA20 (0.0965) presents an excellent second entry opportunity. Open interest (OI) remains stable, and the price is firm, indicating that the main force has not exited but is actively shaking out weak hands.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1080 - 0.1085 (Reason: 1H EMA20 support zone & pullback confirmation after yesterday’s breakout )
🛑Stop Loss: 0.1048 (Reason: Break below the start of the 4H bullish candle and previous low support )
🚀Target 1: 0.1145 (Reason: Yesterday’s high resistance zone )
🚀Target 2: 0.1200 (Reason: 4H previous high and psychological round number )
🛡️Trading Management:
- Position suggestion: Standard position (Reason: 4H trend reversal confirmed, 1H structure is clear )
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1145, hold the remaining position to aim for Target 2.
Deep logic: Market depth shows buy orders (Bid) are significantly thicker than sell orders (Ask), with an imbalance of 20.52%, indicating strong support below. Funding rate is only 0.0267%, with no overheating risk. The 1H candlestick repeatedly dips near 0.108 but is quickly pulled back, forming a local double bottom, a typical sign of support and accumulation. Combined with the volume breakout on the 4H, this correction is a gift for those who missed the initial move.
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【$ONDO Signal】Pullback to buy! 1H pullback confirmation, strong signs of main force supporting the market
$ONDO The 1H level experienced a sharp surge yesterday and is now in a healthy correction phase, with the price supported around 0.1085. The 1H RSI (52.95) is returning to neutral, preparing for another upward move. Looking at the 4H level, a large bullish candle yesterday broke through the long-term downtrend, confirming a reversal. Currently, the pullback above the EMA20 (0.0965) presents an excellent second entry opportunity. Open interest (OI) remains stable, and the price is firm, indicating that the main force has not exited but is actively shaking out weak hands.
🎯Direction: Long (Long)
🎯Entry/Order: 0.1080 - 0.1085 (Reason: 1H EMA20 support zone & pullback confirmation after yesterday’s breakout )
🛑Stop Loss: 0.1048 (Reason: Break below the start of the 4H bullish candle and previous low support )
🚀Target 1: 0.1145 (Reason: Yesterday’s high resistance zone )
🚀Target 2: 0.1200 (Reason: 4H previous high and psychological round number )
🛡️Trading Management:
- Position suggestion: Standard position (Reason: 4H trend reversal confirmed, 1H structure is clear )
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1145, hold the remaining position to aim for Target 2.
Deep logic: Market depth shows buy orders (Bid) are significantly thicker than sell orders (Ask), with an imbalance of 20.52%, indicating strong support below. Funding rate is only 0.0267%, with no overheating risk. The 1H candlestick repeatedly dips near 0.108 but is quickly pulled back, forming a local double bottom, a typical sign of support and accumulation. Combined with the volume breakout on the 4H, this correction is a gift for those who missed the initial move.
Trade here 👇 $ONDO
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