【$ONDO Signal】Pullback on Long Entry + Healthy Retracement After Strong Breakout

$ONDO 1H timeframe has experienced a massive rally and is currently consolidating strongly at high levels. A single large bullish candle on the 4H chart directly broke through the previous consolidation zone, establishing a short-term upward trend. The current 1-hour RSI has fallen from overbought territory to a healthy zone, and the price is retracing to the support area of the 4-hour EMA50 and 1-hour EMA20, which is an excellent short-term long entry point. Open interest remains stable, indicating that funds have not exited significantly, reflecting healthy profit-taking. Market depth shows balanced buy and sell orders, with dense support below.

🎯Direction: Long

⚡Entry/Order: 0.0721 - 0.0737

🛑Stop Loss: 0.0705

🚀Target 1: 0.0785

🚀Target 2: 0.0820

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all to lock in profits.

(Depth Logic: The 4-hour breakout with increased volume indicates a trend reversal to bullish. The 1-hour retracement to key moving averages, along with RSI falling from a high of 72, releases overbought pressure and provides a second entry opportunity. Stable open interest suggests the main force has not exited, and the market logic favors a “bullish continuation” rather than “dumping after a rally.” The support at 0.0705, which is the previous low and a consolidation zone, acts as an effective risk control line. The first target is the previous high resistance, and the second target is based on the Fibonacci extension on the daily chart. )

View real-time market 👇 $ONDO

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