🚨 ONDO/USDT Alert 🚨
💥 Liquidated Short Alert: $54.63K was liquidated at $1.32 on Binance.
This is a strong indication of market movement and could signal a shift in sentiment for ONDO. Let’s dive deeper into the next steps!
📊 What’s Next for ONDO?
The short liquidation shows that sellers were caught off guard, and the price may look to move higher as bulls gain momentum. But caution is key—market conditions are volatile. Here’s a simple plan to trade ONDO effectively.
🛒 Buy Zone
Consider accumulating ONDO between $1.27 and $1.32. This range offers a good entry point as the market looks to find support here after the liquidation event.
🎯 Targets (Take Profit)
1️⃣ Target 1 (Short-Term): $1.38
2️⃣ Target 2 (Medium-Term): $1.45
3️⃣ Target 3 (Aggressive): $1.52
These targets align with resistance levels and areas where profit booking may occur.
🛑 Stop Loss
To minimize risk, set your Stop Loss at $1.23. If the price drops below this level, it may signal further downside, so it’s better to exit the trade.
🔍 Analysis & Market Sentiment
The liquidation suggests short sellers were squeezed, leading to potential bullish momentum.
Keep an eye on Bitcoin’s movement—it often influences altcoin trends.
Watch for volume spikes and RSI (Relative Strength Index). A higher RSI near 70 could indicate overbought levels, signaling a possible retracement.
⚠️ Pro Tips
Risk Management: Don’t invest more than 2-5% of your portfolio in a single trade.
Stay Updated: Monitor news or updates from Binance or ONDO’s team.
Patience is Key: Markets are unpredictable, so avoid chasing the price—stick to your strategy.
🟢 Final Words
ONDO is showing promising momentum, but always trade with caution. Follow the buy zone, set your targets, and use stop loss to protect your capital. A well-planned strategy will keep you ahead in the game!
💬 What’s your next move? Let me know in the comments or share your analysis! 🚀