【$ONG Signal】Pullback to add long positions, capital support clearly intended

$ONG 1H timeframe spikes and pulls back, current price at 0.0644 exactly stuck between the 4H Bollinger upper band and 1H EMA20. Market order data is very interesting, sell orders above 0.0645 are sparse, but buy orders below 0.0643 are heavily stacked, indicating obvious capital support actions. Negative fee rate of -0.72% continues to exert pressure, but open interest remains unchanged, and a short squeeze scenario is brewing.

🎯Direction: Long

⚡Entry/Order placement: Layered entries in the 0.0611 - 0.0627 range

🛑Stop loss: 0.0609

🚀Target 1: 0.0698

🚀Target 2: 0.0734

🛡️Trade management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0630, consider exiting early.

The 4H MACD has a healthy bullish crossover, and the medium-term trend remains intact. The key is whether the 1-hour timeframe can stabilize around 0.0630 again; this level is a pivot point for recent bullish-bearish shifts. The current risk-reward ratio is close to 4:1, making it worthwhile to attempt a small-risk upward pulse. In a negative fee rate environment, maintaining a position itself is a sign of strength; shorts will face high costs, and once buying pressure emerges, it can trigger a chain reaction.

View real-time market 👇 $ONG
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