ONDO is breaking out of a key market structure, with price now poised to tackle a significant resistance zone. This setup has all the makings of a major move, with multiple signals firing in tandem.
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🟢 ONDO LONG 📈
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📍 Entry Range: $0.344255 – $0.344945
🛑 Stop Loss: $0.334262 (-3.0%)
🎯 TP1: $0.349769 (+1.5%)
🏆 TP2: $0.361830 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The combination of a CHoCH, CVD, FVG, OB, and POI confluence is a potent one, indicating that ONDO has genuine momentum behind it and is likely to push higher. The fact that we've got a clear order block overlap with the fair value gap suggests this zone is crucial, and the market is eager to test it. With volume confirming direction, the odds are in our favor for a continuation.
A 3.0% stop loss may seem tight, but given the R/R of 1:1.7, it's a manageable risk, especially with lower leverage, around 2-3x, to maximize potential gains while minimizing exposure.
Taking partial profits at the first target point will be a prudent move, allowing us to lock in some gains while still giving the trade room to breathe and potentially reach the full target.
Not financial advice — always manage your own risk 🙏
#ONDOUSDT $ONDO #SMC #Write2Earn #Binance