【$ONG Signal】Pullback to go long, main force’s support intention exposed

$ONG 1H level rebounds then falls back, but the order wall around 0.0950 below is very thick, fully revealing the capital support intention. After the 4-hour MACD fast and slow lines form a golden cross, momentum has slightly contracted, but overall it still remains above the zero line. Open interest is stable, and the price is holding firm above 0.095, with selling pressure quickly absorbed.

🎯Direction: Long

⚡Entry/Order: Batch entries in the 0.0850 - 0.0872 range

🛑Stop loss: 0.0782

🚀Target 1: 0.1230

🚀Target 2: 0.1409

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the breakeven level. If the price drops back into the entry zone, you will automatically exit to protect the principal.

Current negative funding rate is above -1.2%, meaning the short positions’ cost is extremely high. The 1-hour RSI has fallen from a high level to around 62, providing a healthy pullback space. Order book data shows buy-side depth is clearly better than sell-side depth—there are a large number of buy orders stacked below 0.095, forming a solid psychological defense line. Under this structure, the likelihood of a direct breakdown is low; the higher probability is to consolidate and then test the previous highs again. The risk-reward ratio is above 4, so it’s worth a try.

View real-time market 👇 $ONG
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