【$ONDO Signal】Long! 1H pullback confirmation, main force clearly intends to support the market

$ONDO The 1H timeframe, after experiencing a sharp rise, is currently consolidating strongly at high levels, with the price forming a new support level in the 0.1140-0.1160 range. The 4H candlestick shows a large bullish candle establishing an upward trend. Although the 1H RSI has fallen from overbought territory to 68, the price refuses to undergo a deep correction, indicating strength. The order book shows buy orders significantly thicker than sell orders, with an imbalance of 17%, demonstrating strong support below. Open interest remains stable, and the price is firm, suggesting possible main force support or short covering.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1142 - 0.1148 ( Reason: 1H EMA20 dynamic support zone and the lower boundary of the current consolidation platform )

🛑 Stop loss: 0.1120 ( Reason: Break below the 1H consolidation platform and the previous low of the hourly candle )

🚀 Target 1: 0.1198 ( Reason: Previous high resistance level, also the initial target on the 4H timeframe )

🚀 Target 2: 0.1250 ( Reason: Based on the recent rally’s 1.382 Fibonacci extension level )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Intraday increase has exceeded 35%, volatility is extremely high )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.1200, move the remaining stop loss to break even and hold for greater gains.

Deep logic: The 4H timeframe shows a massive breakout from the long-term downtrend, which is a strong signal of trend reversal. The 1H timeframe, after a sharp rise, did not experience panic selling but instead consolidated at high levels, a typical sign of strong turnover. The funding rate of 0.0636% is positive but not extreme, leaving room for further upward movement. The order book shows significant buy accumulation, sparse sell orders, and even slight buy pressure can push prices higher. A short squeeze structure is brewing. The key is to hold the 0.1140 platform; as long as it is not broken, the bullish pattern remains intact.

Trade here 👇 $ONDO

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