QUICK ANALYSIS #ONDO - 11/04
ONDO is linked to the infrastructure of real asset (RWA), which has been gaining prominence with institutions and governments. Events like 'asset tokenization' favor its appreciation.
Founded by former members of Goldman Sachs, the project has strong expertise in traditional finance. However, like any new narrative, it still needs to show real results and find a balance between innovation and legal security.
IF OBSERVING IN THE MACRO, it is heading towards an upward trend with a structure of ascending peaks and troughs. After the previous peak, it is making a slight pullback, but maintaining a positive structure.
——— ANALYSIS 👇🏽🥷
As the asset has already experienced significant movement, let's try to position ourselves. In other words, if it gives an entry, great, but if it shows weakness, we exit at the stop and, as always, return later within the conservative entry. LET'S WAIT
🥊Support: 1.024 | 0.990
🔴Resistance: 1.089 | 1.130
🧨Entry with pressure: 1.029 - 0.990 😌
🟢Conservative entry: 0.930 - 0.880
Stop: 3 - 5%
🚀Partial: 1.230| 1.466 | 1.701
🔥Target point 1: 2.140
🔥Target point 2: 2.568
🔥Target point 3: 3.021