$ONT 1 High-level consolidation with reduced volume, 4H Bollinger Bands upper band under pressure.
🎯 Direction: Buy on dip
⚡ Entry: Accumulate in the range of 0.0634 - 0.0651
🛑 Stop loss: 0.0616
🚀 Target 1: 0.0790
🚀 Target 2: 0.0859
🛡️ Trade management:
- Execution strategy: Halve the position at Target 1, move the stop loss for the remaining position to the entry price. If the price cannot hold above 0.0650, exit actively.
Position volume is stable, and funds have not left the market. The 1-hour MACD histogram has contracted, but the fast and slow lines remain above the zero axis. The depth of buy orders far exceeds that of sell orders, with a thick wall of orders below 0.0690, indicating clear intention to support the price. In a negative fee rate environment, the price remains strong, and the risk of short squeeze is accumulating. The risk-reward ratio exceeds 4 times,
This position is worth taking a limited risk to bet on the restart of bullish momentum. Check real-time market conditions 👇 $ONT
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