$ONDO /USDT – BULLISH BREAKOUT TRADE SETUP
ONDO just broke out with a strong bullish candle, confirming aggressive buyer momentum above the $1.00 mark. This move is backed by solid volume and a clean breakout structure, signaling potential for further upside.
Trade Setup (Long):
Entry Zone: $1.03 – $1.05 (on pullback or continuation)
Stop Loss: Below $0.98 (protects against false breakout)
Target 1: $1.10 (psychological and technical round number)
Target 2: $1.16 (next major resistance zone)
Risk Management Tip:
Use a 2:1 reward-to-risk ratio, risk only a small portion of your capital (1–2%) and avoid chasing candles. Best to enter on slight dips or consolidation for better risk-to-reward setups.
Next Move Expectation:
If price holds above $1.03 and volume continues to rise, ONDO could test $1.10 quickly. Breaking that opens room for a short-term rally toward $1.16 and beyond. However, any drop below $0.98 may shift bias back to neutral.
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