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– Strong rejection from the decline, the bulls regain control
The price maintains a level above the 99 MA at 0.9327
Closing the bullish candle above the 7 and 25 MA indicates strength
Bounced from the day's low at 0.9237 and is now trading at 0.9445. The price structure remains bullish as it stays above the key 99 MA. The last green candle closed above both the 7 MA (0.9439) and 25 MA (0.9467), indicating the possibility of a continued rise towards the recent peak.
If the momentum continues, $ONDO may retest the 0.9556 area and possibly break higher.
Trade Setup (Long):
Entry: 0.9430 – 0.9460
Target 1 (TP1): 0.9550
Target 2 (TP2): 0.9700
Stop Loss (SL): Below 0.9320
The bullish bias remains as long as the price stays above the 99 MA
