$ONDO

Trade Plan for ONDO/USDT 📈

✅ Entry Zone: Buy within $1.0800 – $1.0850, near current price levels and the support of recent consolidation (aligned with EMA 9 and 21).

⛔ Stop Loss: Set at $1.0750 (below the recent swing low and EMA 50).

🎯 Profit Targets:

Target 1: $1.0900 📍 (Move stop to breakeven)
Target 2: $1.1000 🎯
Target 3: $1.1100 🚀

📊 Risk/Reward Ratio: 3:1+ ⚖ (Conservative exit at 2:1 if momentum weakens near resistance).

Key Observations:

Bearish Correction with Reversal Potential: Price down -0.53% in 24 hours, with recent red candles indicating selling pressure. The chart shows a consolidation phase after a drop, with the price near moving averages (7 SMA, 99 SMA), suggesting a potential breakout or continuation.
Volume: 24h volume is 32,481.174 USDT, with chart volume at 421.166K ONDO, indicating moderate liquidity—volume has been declining, so watch for an increase to confirm direction.
RSI and Indicators: RSI data isn’t visible, but the consolidation pattern suggests it may be neutral (around 50). The moving averages are converging, indicating a potential decision point.
Support/Resistance Levels: Key support at $1.0800 (recent low); resistance at $1.1104 (24h high of $1.1104).

🔄 Strategy:

Trail stop above EMA(9) after Target 1 to secure profits.
Watch for rejection at $1.1104 (24h high) for an early exit if momentum stalls, or a breakout above it for higher targets.
Monitor broader market trends (e.g., Bitcoin’s movement, ONDO ecosystem developments) as ONDO can be influenced by market sentiment and network activity.

Trade wisely! 🚀💰

Note: ONDO’s high volatility (as noted on the chart) requires caution—scale in/out to manage risk, especially during this consolidation phase.