$ONDO BREAKOUT OR PULLBACK?
ONDO is currently trading at $0.9306 after a sharp dip, bouncing from intraday support. Bulls are trying to regain momentum, but overhead resistance remains heavy. The next few candles will confirm whether this is a recovery or a fakeout.
Key Levels to Watch
• Resistance:
$0.9400 – Immediate resistance zone
$0.9480 – Breakout level
$0.9530 – 24H high and strong barrier
• Support:
$0.9250 – Key local support
$0.9120 – Deeper support zone
$0.8860 – Major downside level if trend weakens
Trade Setup – Get Ready for Volatility
• Bullish Entry:
A confirmed move above $0.9400 could trigger further upside.
Target 1: $0.9480
Target 2: $0.9530
• Bearish Entry:
A break below $0.9250 could invite sellers.
Target 1: $0.9120
Target 2: $0.8860
Stop-Loss Tip:
Use tight stops just below/above key levels to manage risk effectively.