【$ONUSDT Signal】Pullback to buy / 1H level rebound confirmation


$ONUSDT The 1H level formed a double bottom near 0.155, with buy orders clearly stacking around 0.1612. The 4-hour MACD remains in a bullish crossover, but the 1-hour momentum bars are contracting, so a pullback confirmation is needed in the short term.

🎯Direction: Long

⚡Entry/Order: Buy in stages within the 0.1514 - 0.1604 range

🛑Stop Loss: 0.1476

🚀Target 1: 0.1860

🚀Target 2: 0.1987

🛡️Trade Management:
- Execution Strategy: Take half profit at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.164, consider exiting early.

Order book shows sell orders thickening above 0.1616, which is a short-term resistance. However, open interest remains stable, and in a negative fee environment, the price has not collapsed, indicating that the potential risk of short squeeze still exists. The 1-hour RSI is neutral, providing an opportunity for the price to retest the moving average without breaking the structure. The risk-reward ratio is close to 2, making this position worth accumulating.

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