【$ONUSDT Signal】Pullback to buy / Clear support from funds

$ONUSDT 1H timeframe spikes and pulls back, price repeatedly tests around 0.166. The 4-hour MACD histogram shortens, but the fast and slow lines remain above zero, indicating the bullish trend is not fully broken. The 1-hour price has fallen below the middle band of the Bollinger Bands, but RSI hovers around 50, not entering oversold territory. Market data shows that buy orders in the 0.1667 to 0.1668 range are unusually dense, forming a solid wall of support.

🎯Direction: Long (buy on pullback)

⚡Entry/Orders: Layered accumulation between 0.1474 and 0.1662

🛑Stop loss: 0.1437

🚀Target 1: 0.2112

🚀Target 2: 0.2337

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.166 and falls below 0.16 again, consider exiting early.

After this rally, open interest remains stable with no large-scale long exits. Negative funding rates continue to squeeze the shorts, fueling the subsequent rebound. The current risk-reward ratio is close to 2:1, and the odds of hitting the needle at the key support zone are favorable. Buy depth below is much greater than sell orders, clearly showing the main force’s intention to defend the price, making it difficult for the price to break through this zone in one go.

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