#MyCOSTrade Sure! Here's the breakdown of the chart in English:
š Chart Analysis: ONDO/USDT (Daily Timeframe)
Green Line ā Daily Key Level (Support):
This green horizontal line marks a strong support zone, meaning the price has bounced from this level multiple times before.
Current Price:
Price is now around 0.8190 USDT, sitting exactly on the support level.
Bullish Bias (Up Arrow):
The black arrow suggests a potential price bounce upward from this key level. If this happens, the chart indicates a possible move towards the $1.30 region.
ā What This Means for You:
This could be a buying opportunity, assuming the price holds above this support zone.
It's important to set a stop-loss below the support, e.g., around $0.77, in case the price breaks down.
Potential target levels (take profit):
First Target: $1.00
Second Target: $1.20
Final Target: $1.30
š” Summary:
Price is at a strong daily support level.
If the level holds, there's a good chance of a bullish move.
Use proper risk management ā set a stop-loss to protect against a false breakout.
Would you like me to give you a full trading setup with exact entry, SL, and TP values?