【$ONDO Signal】Pullback to go long, 1H level funds clearly support the bottom
$ONDO 1H level rebound and fall back, price repeatedly tests around 0.139. The upper band of the 4H Bollinger Bands at 0.1558 acts as resistance, but the MACD fast and slow lines are still above the zero line, so the medium-term trend remains intact. The 1H MACD histogram shows increasing negative values, indicating short-term selling pressure is easing. Market depth shows an imbalance in buy orders at -11.18%, but the order thickness around 0.138 is still decent, indicating an intention of funds to support the bottom.
🎯Direction: Pullback to go long
⚡Entry/Orders: Gradually accumulate in the range of 0.11082 - 0.13874
🛑Stop loss: 0.09652
🚀Target 1: 0.13943
🚀Target 2: 0.15374
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
The current funding rate of 0.0842% is not extreme, and the risk of liquidation is temporarily low. The 1-hour chart EMA50 at 0.1190 resonates with the lower boundary of the suggested entry zone at 0.11082, forming a support band. After a volume-increasing bullish candle on the 4-hour chart, a consolidation with reduced volume indicates healthy profit-taking. This position offers a good risk-reward ratio; patience is key for the entry point.
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