I'm stuck with my $ONDO spot bag ($0.907 entry) that I bought on 10/10 before Trump stirred up some serious crap with CHINA.
I will EXIT below the $0.666 SUPPORT (DOUBLE BOTTOM for now), as the price has been stuck in a range between 66.6c and 78.2c, forming a RECTANGLE — a BREAKDOWN below would have a measured target around 55c.
A breakout above $0.782 would target 90c.
This whole 12-HOUR chart (and the DAILY too) simply looks like just another WYCKOFF DISTRIBUTION schematic, unfortunately.
A lot of BEAR RSI divergences recently — a REGULAR one followed by three HIDDEN ones. The momentum has been awful for 7 weeks in a row, just a solid DOWNTREND.
A lot of positive news — the $LINK one, the #RWA push by Larry FINK, etc... No reflection on the charts. All I see is distribution, lower and lower without any serious buyers stepping in.
It's a BEAR MARKET coin, and below $0.666 it could fall like a stone, imo. I will update when it breaks out of this range. My STOP LOSS at $0.65.
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