【$ONG Signal】Pullback to buy; the main force’s intent to defend the market is clear

$ONG 1After a massive surge at the H level, a pullback occurs. On the 4H level, the MACD golden cross is opening, and momentum is still there. The current price is consolidating around 0.0927. Buy-side depth has clearly accumulated in the 0.0923-0.0924 area, providing strong capital support. The negative fee rate is as high as -1.94%, but open interest remains stable, meaning the shorts face squeeze risk.
🎯Direction: Long
⚡Entry/Order: Stage orders to set up in the 0.0819 - 0.0840 range
🛑Stop Loss: 0.0755
🚀Target 1: 0.1179
🚀Target 2: 0.1349
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price falls back to the entry level, automatically exit to protect capital.
In the 4-hour Bollinger Bands, the middle band at 0.0703 has turned into support, and the 1-hour EMA20 at 0.0844 forms the first line of defense. Trading book data shows that sell orders start thickening above 0.0925, matching the characteristic of “selling pressure from above is as heavy as Mount Tai,” which provides an ideal entry window for the pullback. Open interest stays stable amid sharp price fluctuations, indicating it’s not purely retail chasing the rally, but rather main/institutional capital settling in. In this negative fee rate environment, a firm price often sets up for a short-squeeze move. The risk-reward ratio is above 4, making it worth using a relatively small position to bet on a trend continuation.
Check real-time market 👇 $ONG
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