$ONDO AT CRUCIAL ZONE – BREAKOUT OR SLIP LOWER?
$ONDO is trading at $0.8710, down -3.09% on the day. After tagging a low of $0.8670, price is trying to stabilize—but momentum remains uncertain. A decision point is forming as bulls attempt to reclaim control.
Key Technical Levels to Watch:
• Resistance Zone: $0.8755 – $0.8800
A break above this zone may lead to upside moves toward $0.8850 and $0.8910.
• Support Zone: $0.8680 – $0.8670
If price breaks down from here, bearish targets lie at $0.8600 and $0.8545.
Trade Setup – Price Coiling for a Move:
Bullish Scenario:
If price breaks above $0.8755, targets ahead include:
• TP1: $0.8850
• TP2: $0.8910
Bearish Scenario:
If $0.8670 gives way, expect further downside toward:
• TP1: $0.8600
• TP2: $0.8545
Stop-Loss Ideas:
• Longs: Below $0.8670
• Shorts: Above $0.8755
Watch closely for a candle close outside of this range.