$ONDO /USDT, here’s a brief breakdown to help with potential trade setup:

Current Market Overview:

Price: $0.9598 (down by 3.21%)

24h High: $1.0073

24h Low: $0.9349

Volume (ONDO): 27.97 million

Volume (USDT): 26.98 million

Moving Average (MA60): $0.9542

Technical Breakdown:

Recent Price Movement: The price is currently near the middle of its 24h high and low range. This suggests a neutral market sentiment in the short term.

Support and Resistance Levels:

Support: Around $0.9349 (24h low)

Resistance: Around $1.0073 (24h high)

Current Price: $0.9598, which is close to the middle of this range.

Potential Trade Setups:

Range Trading:

Buy around $0.9350 (support) with a target near $1.007 (resistance).

Sell if the price reaches around $1.007, or use a trailing stop to capture further upside.

Stop Loss: Below $0.9349 to manage downside risk.

Breakout Strategy (if price moves above resistance):

Buy if the price breaks above $1.0073 with high volume and momentum.

Target: Next resistance levels (e.g., $1.05, $1.10).

Stop Loss: Set below the breakout level, around $0.98.

Short Position (if price drops below support):

Sell if the price drops below $0.9349 (a break of the support level).

Target: Next potential support at $0.91 or $0.88.

Stop Loss: Around $0.96 (above previous resistance).

Indicators:

MA60: The 60-period moving average is at $0.9542, indicating potential support if the price retraces to this level.

Volume: The 24-hour volume indicates decent activity, suggesting that the market might move with solid momentum.

Next Steps:

Monitor the 24h Range: Watch for price action near $0.9349 for a potential bounce or break below.

Use Stop-Losses: Always implement stop losses around key levels like $0.94 to protect against unexpected movements.

Would you like to explore more specific chart patterns or indicators for refining this setup?

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