๐จ $ONDO REJECTS KEY SUPPLY ZONE AS INSTITUTIONAL SELLERS DEFEND THE BREAKDOWN ๐
Entry: $0.5230 - $0.5280 โก
Target: $0.5120 / $0.5020 / $0.4900 ๐ฏ
Stop Loss: $0.5410 โ ๏ธ
After a heavy distribution push from the $0.60 structural high, $ONDO triggered a crisp breakdown into discount levels. ๐ The ongoing retracement into the $0.5230 - $0.5280 premium zone lacks impulsive volume, signaling a low-conviction counter-trend correction into overhead supply.
๐ Smart money appears focused on defending this order block to engineer liquidity sweeps toward lower demand pools down to $0.4900. ๐ฌ Will buyers step in before the lower targets trigger, or are we set for another downward leg? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONDO #ShortSetup #MarketStructure #Crypto
๐ป ๐
Entry: $0.5230 - $0.5280 โก
Target: $0.5120 / $0.5020 / $0.4900 ๐ฏ
Stop Loss: $0.5410 โ ๏ธ
After a heavy distribution push from the $0.60 structural high, $ONDO triggered a crisp breakdown into discount levels. ๐ The ongoing retracement into the $0.5230 - $0.5280 premium zone lacks impulsive volume, signaling a low-conviction counter-trend correction into overhead supply.
๐ Smart money appears focused on defending this order block to engineer liquidity sweeps toward lower demand pools down to $0.4900. ๐ฌ Will buyers step in before the lower targets trigger, or are we set for another downward leg? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #ONDO #ShortSetup #MarketStructure #Crypto
๐ป ๐
