$ONDO BREAKOUT OR PULLBACK?Approaching Decision Zone!
$ONDO is currently trading at $0.8845, nudging up by +0.40% with mixed signals on the short-term chart. Price is hovering just below minor resistance, with volume (18.70M) showing a recent spike, hinting at potential volatility ahead. With buyers holding 43.13% of the order book, sentiment remains cautious but reactive.
Key Levels to Watch:
• Immediate Resistance: $0.8885
• Immediate Support: $0.8750
A clear breakout above resistance could trigger a fresh move higher, while a failure to hold support may invite sellers.
Trade Setup – Prepare for Sharp Swings
Bullish Scenario:
If price breaks and holds above $0.8885 with strong momentum:
• TP1: $0.9000
• TP2: $0.9130
Bearish Scenario:
If $0.8750 fails to hold, downside targets could be:
• TP1: $0.8650
• TP2: $0.8500
Stop-Loss:
• Long SL: $0.8730
• Short SL: $0.8895
The price structure is tight, and a breakout or breakdown could be swift. Watch for volume confirmation and react accordingly.