【$ONDO Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$ONDO The 1H timeframe has experienced a massive rally and is now consolidating strongly above a key support level. The 4H chart shows a towering bullish breakout through the long-term downtrend, confirming a trend reversal. Currently, the 1H RSI has fallen from overbought territory to a healthy 74, with the price pulling back to test the EMA20 (0.0988) for support — an excellent opportunity for a second entry. Open interest (OI) remains stable at high price levels, indicating that bulls have not exited in large numbers, and the main force’s support intent is evident. The order book depth (Bid/Ask Ratio: 1.61) is significantly thick, providing a solid foundation for the price.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1075 - 0.1090 ( Reason: 1H EMA20 dynamic support zone and the dense area of the previous hour’s low points )

🛑 Stop loss: 0.1045 ( Reason: Breaking below the middle of the 4H bullish candle and the previous consolidation platform high destroys the bullish structure )

🚀 Target 1: 0.1155 ( Reason: Previous high resistance level, also a potential double top neckline on the 1H timeframe )

🚀 Target 2: 0.1220 ( Reason: Based on the recent upward wave height and the 1.618 Fibonacci extension level )

🛡️ Trading management:

- Position size suggestion: Standard position ( Reason: 4H trend reversal confirmed, 1H structure clear, favorable risk-reward ratio )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 0.1155 and stabilizes, move the remaining position’s stop loss to trail and hold for a larger trend.

Deep logic: This is a typical “trend initiation - pullback confirmation” pattern. The 4H chart shows a violent breakout from a month-long downtrend channel, with volume surging — a clear signal of main capital entering. Although the 1H RSI is high, in a strong trend, RSI can remain overbought for extended periods. The key is that open interest (OI) remains “stable” during consolidation rather than declining, offsetting concerns about profit-taking and indicating new funds are entering. The order book depth imbalance reaches 23.43%, with accumulated buy orders providing strong support below. Coupled with a positive funding rate (0.0451%), market sentiment is bullish but not overheated, leaving room for further upward movement.

Trade here 👇 $ONDO

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