$ONDO USDT - BULLISH CONTINUATION BREAKOUT! 🚀

Here's a quick technical analysis of the $ONDOUSDT chart:

Key Levels:

* Current Price: 0.8361 🟢

* Immediate Resistance: 0.8395 (The green line above the current price, indicating the level of the recent breakout).

* Target Resistance: 0.8550 (The upper green box, a significant price target if the bullish momentum sustains).

* Immediate Support: 0.8359 (The grey line, acting as crucial immediate support).

* Strong Support: 0.8242 (The red line, indicating a more significant support level and the proposed stop-loss point).

* Previous Resistance/Now Support: The grey shaded boxes below the current price (around 0.8133 and 0.7900) represent areas that previously acted as resistance and should now ideally hold as strong support.

Trade Setup:

Given the strong bullish trend, the clear breakout above a prior consolidation range, and the current retest of the breakout level, we are looking for a LONG entry.

* Entry: Consider an entry around 0.8350 - 0.8370 (around the current price, looking for confirmation of the breakout retest holding).

* Target 1 (TP1): 0.8450 🎯

* Target 2 (TP2): 0.8550 🚀

* Stop Loss (SL): 0.8239 🛑 (Just below the strong support level of 0.8242).

Risk Management:

Always define your stop-loss before entering a trade and stick to it! Risk only a small, fixed percentage (e.g., 1-2%) of your capital on each trade to protect against unexpected market movements. This disciplined approach is key to sustainable trading. 🛡️💰

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