ONDOUSDT LONG USE LOW LAV

Technical Analysis Overview:

Ascending Triangle Breakout (Short-term)

You're tracking a potential breakout from a small ascending triangle.

Price is currently testing the upper resistance line (~0.830).

A successful breakout could trigger bullish momentum.

Parallel Channel (Mid-term)

The asset is still within a long-term upward channel.

It’s currently trading near the lower channel boundary, which often acts as support — good risk-reward area for longs.

Targets & Risk:

Entry: Around current price ~0.829

Target 1: 0.8582 (initial resistance)

Target 2: 1.0971 (higher target, possibly upper channel resistance or Fibonacci extension)

Stop Loss: ~0.7767 to 0.7779 zone (beneath triangle support and recent low)

Risk-to-Reward Ratio (R/R):

Looks favorable (~3:1+ R/R ratio if targeting 1.0971).

Valid long entry based on breakout with good R/R structure.

✅ Confirmation Indicators to Watch:

Volume increase on breakout from triangle.

Retest of the breakout line (acting as support) could strengthen the entry.

MACD/RSI divergence or trend confirmation could provide added confidence.#Write2Earn $ONDO