$ONDO doesnโt look too healthy right now on the lower timeframe. ๐
Market structure still feels heavy and bears are controlling most of the movement. Every recovery attempt keeps getting rejected pretty quickly.
Levels Iโm keeping an eye on:
โข Support: 0.4100 area
โข Resistance: 0.4200โ0.4230
If price drops below support with momentum, we could easily see another sell-off. But if bulls manage to push back above resistance and hold it, sentiment could shift again.
At the moment, Iโd rather stay patient than rush into trades. Trying to buy every dip in a weak trend usually ends badly for overleveraged traders. ๐
For now, momentum still favors sellers until buyers show real strength.
NFA. DYOR. ๐ค
#TecnicalAnalysis #FundamentalStrength

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