【$ONG Signal】Pullback to buy, 1H level momentum recovery

$ONG The 1H level is consolidating around 0.108, with the upper band of the 4-hour Bollinger Bands at 0.1122 forming short-term resistance. The current price has fallen back to around 0.0994, the 20-period EMA on the 1-hour chart, with buy orders accumulating noticeably around 0.1075, quickly absorbing selling pressure. Although the 4-hour MACD histogram is contracting, the fast and slow lines remain above zero, indicating the bullish pattern is intact.

🎯Direction: Long

⚡Entry/Order: Layered entries between 0.0964 and 0.0989

🛑Stop Loss: 0.0876

🚀Target 1: 0.1441

🚀Target 2: 0.1667

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot hold above the 20 EMA on the 1-hour chart, consider exiting early.

Funding rate is negative by over 1%, but open interest remains stable with no large-scale exits, indicating this is more likely a healthy profit-taking rather than a trend reversal. The 1-hour RSI has pulled back from overbought territory to 64, leaving room for another upward move. The area between 0.096 and 0.099 is a previous breakout zone with high trading volume, and the 4-hour EMA50 support level is also clear, showing strong backing from funds. The risk-reward ratio exceeds 1:4, making this layered entry highly favorable.

Check real-time market 👇 $ONG
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