$ONDO Under the Microscope: Are We in an ABC Correction? 🔍📉
It seems that wave (C) of the second wave is forming, after ONDO failed to record a new peak.
But solid support is still in place below the daily pivot and the EMA 200.
If this level is broken, we may see a pullback towards:
📌 The golden pocket area at 0.79
📌 High volume support + Fibonacci 0.786 at S1
RSI still has room to drop, keeping the correction scenario alive.
❌ The analysis is invalidated if the price breaks above the peak of wave B.
✅ Be prepared... the opportunity may lie in the decline.
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