Ondo Analysis and Trading Plan 1:4.69

Analysis

Global Trend: Upward. Over the last 180 days, the coin has shown a growth of more than 113%, and over the past year, 532%.

Local Trend: Downward correction (a strong pullback from the 2.14 highs to 1.19). However, there is evidence of a base level forming with signs of recovery.

Based on the local recovery from the 1.19 low, the bias is bullish (long). The price is testing the 1.45 level with potential for further growth.

Trading Plan

Entry: 1.4530 (Long).

Stop-Loss: 1.399.

Take-Profit: 1.702 (the nearest strong resistance zone).

Risk-to-Reward Ratio: 1:4.69