$ONDO Long Liquidation Alert:
A $75.4K Long Position was liquidated at $1.691, reflecting significant selling pressure as bulls lose control at critical levels.
Market Signals:
This liquidation highlights potential weakness in ONDO’s recent trend. A failure to recover quickly might lead to further declines, while strong support could offer a bounce opportunity.
Key Scenarios:
Bullish Recovery: If #ONDO reclaims $1.70, it could retest $1.72 resistance.
Bearish Continuation: A drop below $1.69 may lead to a test of $1.65 or lower.
Stay cautious during high volatility. Consider waiting for a clear breakout or breakdown before entering a position.
Risk management is key!
#MarketPullback #GrayscaleSUITrust #USJoblessClaimsFall #BinanceAlphaAlert