#BTCRebound ONDO/USDT
### **Current Market Overview:**
- **Price:** $0.8873 (+25.75%)
- **24h High/Low:** $0.9287 / $0.7056
- **Volume (USDT):** 19.70M
- **Timeframe:** 15-minute chart
- **EMA(7):** 0.8897 (Yellow)
- **EMA(25):** 0.8941 (Pink)
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### **Technical Analysis:**
#### **Trend**
- Short-term **bearish pressure** is visible as the price is currently **below both EMA(7) and EMA(25)**.
- A recent high at **$0.9287** quickly sold off, showing **strong resistance** and a **possible bull trap**.
- Price tried to recover from a short dip to **$0.8836**, but is struggling to break above EMAs again.
#### **Support & Resistance**
- **Resistance:** $0.8941 (EMA25), $0.9012, $0.9287
- **Support:** $0.8836 (local low), $0.8700 (round number support)
#### **Volume**
- Increased selling volume recently, indicating bearish control in short-term.
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### **Trade Signal Suggestion:**
#### **Signal: SELL (Short Term)**
Until the price convincingly breaks above EMA(25) and closes above resistance ($0.8941), momentum favors the downside.
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### **Stop-Loss (SL) & Take-Profit (TP):**
#### **If Shorting:**
- **Entry:** $0.8873 (Current price)
- **SL:** $0.8945 (Above EMA25/resistance)
- **TP1:** $0.8750 (initial support)
- **TP2:** $0.8600 (deeper support if sell pressure increases)
#### **If Buying (Riskier):**
- **Entry:** Wait for a break above $0.8945 and retest hold.
- **SL:** $0.8830 (just under local low)
- **TP1:** $0.9100
- **TP2:** $0.9280
#VoteToListOnBinance #BinanceSafetyInsights $ONDO
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