Coin Name: $ONDO
Position: Short
Entry Price: 0.9433
Ondo appears to be forming a Head & Shoulders pattern on the 1-hour timeframe, which is typically a bearish signal. Currently, the price action is respecting an upward trendline that has been acting as dynamic support. A potential short setup could emerge if Ondo breaks below this trendline and confirms the move with a successful retest. That would be an ideal point to consider entering a short position.
Avoid entering this trade unless there's a confirmed breakdown.
Leverage: 3X
Targets:
1st TP 0.9000
2nd TP 0.8600
3rd TP 0.8300
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$ONDO
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