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【$ONG Signal】Pullback to go long, risk-reward ratio maximized
$ONG 1H level pullback to EMA20, buying pressure is solid, capital support intentions fully exposed. The first pullback after MACD bullish crossover on the 4H chart, Bollinger Band middle band support is effective. Despite the negative fee environment, prices remain resilient, indicating a typical short squeeze precursor.
🎯Direction: Long
⚡Entry/Order: 0.0851 - 0.0875
🛑Stop loss: 0.0847
🚀Target 1: 0.0971
🚀Target 2: 0.1020
🛡️Trade management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect capital.
Order book data shows heavy orders below 0.0880, selling pressure is quickly absorbed. Position size remains stable, funds have not exited. 1-hour RSI stabilizes around 50, bullish momentum is re-accumulating. The 4-hour level has broken above the previous consolidation range, and a pullback confirms the best sniper point. Current risk-reward ratio exceeds 3.5, making it worthwhile to take a small risk for a main upward wave.
Check real-time market 👇 $ONG
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