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$ONDO Bullish, massive impulsive rally from the bottom at 0.40 to a peak of 0.58, indicating strong buying pressure and a clear shift in market structure.
· ⚡ Short-term: price is currently in a CONSOLIDATION PHASE. After the initial surge, the price has entered a sideways range, creating lower highs (0.58 -> 0.56) and higher lows (0.52 -> 0.53). The decreasing volume during this consolidation suggests it is a healthy correction (bull flag) rather than a trend reversal.
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$ONDO LONG Scenario (Priority - Trend following):
· 🎯 Entry: Wait for a confirmed bounce at 0.52 - 0.53 support zone, or enter on a breakout above 0.55
· 🛑 Stop Loss: below recent swing low 0.50
· 💰 Take Profit :
· TP1: 0.56 (Recent lower high).
· TP2: 0.58-0.60 (Major peak and psychological resistance).
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$ONDO SHORT Scenario (Backup - High risk):
· 🎯 Entry: only short if price reject 0.56 - 0.57 zone, or if price strongly breaks below 0.52 with volume.
· 🛑 Stop Loss: above recent swing high 0.58.
· 💰 Take Profit:
· TP1: 0.52 (Current support zone).
· TP2: 0.50 (Psychological support).
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#ondo