[$ONUSDT Signal] Pullback confirmed, bulls strike again

$ONUSDT 1H timeframe just completed a strong rally, with the price jumping from around 0.105 directly to 0.115, with significantly increased volume. On the 4H chart, the price has broken above the short-term moving average cluster, and the MACD histogram is beginning to converge below the zero line, indicating weakening bearish momentum. Currently, buy orders are heavily stacked around 0.1125, but there is also strong selling pressure in the 0.1127-0.1129 area above, forming a short-term stalemate.

🎯Direction: Long

⚡Entry/Order: 0.1120 - 0.1125

🛑Stop Loss: 0.1100

🚀Target 1: 0.1180

🚀Target 2: 0.1220

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot effectively hold above 0.1135, consider partially exiting early.

Position size remains stable and has not surged with the price spike, indicating this rally is not purely driven by leveraged longs, possibly including short covering. The 1-hour RSI is around 55, neither overbought nor with much room to run. The 0.1100 level below is the starting point of the previous 1-hour bullish candle and a dense trading zone, making it a suitable defensive level with a favorable risk-reward ratio. The resistance above at around 0.1180 is the 4-hour EMA20, which may exert pressure on the first test.

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