Trading Signal For $ONDO

Entry Range: $1.27 - $1.32

Action: Sell 📉

SL (Stop Loss): $1.35
TP 1: $1.22
TP 2: $1.16
TP 3: $1.08

🥂 Trade Now 👇

🚨 Note: Trade at your own risk. DYOR.

Analysis of the Short Trade Setup:
Bearish Daily Performance (-5.50%) indicates ongoing selling pressure.
Lower High Formation suggests weakness, with resistance around $1.34-$1.35.
Declining Trading Volume (-15.40%) shows reduced bullish momentum.
Key Support at $1.22: If broken, ONDO could slide further to $1.16 or lower.

Reversal Possibility Trade Setup (Bullish Scenario):

If ONDO reclaims $1.35 with strong volume, consider a long position:

Entry Range: $1.35 - $1.40
Action: Buy 📈
SL: $1.25
TP 1: $1.45
TP 2: $1.52
TP 3: $1.60

Reason for Reversal:
Break Above $1.35 Resistance: Could trigger stop-losses on shorts, pushing price higher.
Increased Buy Volume: If volume picks up significantly, a bullish reversal may occur.
Strong Support at $1.22: Buyers could step in, preventing further downside.

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