【$ONG Signal】Pullback to buy, capital support clearly indicates intention

The 1-hour level sharply retraced from the high of 0.11, currently consolidating around 0.0916. After the Bollinger Bands widened significantly on the 4-hour chart, the price retested the middle band. The 1-hour MACD fast and slow lines formed a death cross at high levels, but the histogram is shrinking, indicating weakening selling pressure. Market depth shows a very thick buy wall below 0.0912, with over 20,000 contracts resting support, while sell orders above are relatively sparse. The funding rate at -1.92% continues to suppress the bears, with open interest remaining stable and not decreasing, suggesting this is not panic selling but rather healthy profit-taking and rotation.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.0826 - 0.0848 range

🛑Stop Loss: 0.0762

🚀Target 1: 0.1191

🚀Target 2: 0.1362

🛡️Trade Management:
- Execution strategy: Reduce position by half after reaching the first target, move the remaining stop loss up to the entry price. If the price fails to hold above 0.09 and drops below 0.088 again, consider exiting early and observing.

The current risk-reward ratio is close to 4:1, making the trade worthwhile. After this sharp rally and high-level consolidation, in a negative funding environment, bears dare not easily add positions. There is clear capital support below, more like preparing for a second surge. The 1-hour RSI has fallen back from overbought territory to around 60, indicating momentum recovery. Watch whether the price can regain above the 1-hour EMA20 at 0.0852, which would signal bulls regaining control.

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