ONDO, Time for wave 3 up into ATH?

What a mess Friday turned out to be with a recording breaking liquidation event with the numbers still growing - bigger than FTX!

SUNK COST FALLACY: THE DAMAGE IS DONE, DO NOT PANIC IN AND OUT OF POSITIONS.

So many alt-coins proved there is nothing but thin air holding them up - no real demand whatsoever! I'll take a look at some charts today. Now these wicks can be classed as 'anomalies' in technical analysis but in this case i think we've revealed some of the strong tokens now with real backing.

It is expected that with such large wicks we at least test the centre of the wick on one more terrifying shake-out that isnt actually as bad as the one we just has but feels it because traders and investors are been kicked while their down in a state of panic.

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ONDO appears to have completed a WXY wave 2 complex correction finding strong support in the High Volume Node.

Price is in a bearish market structure at double resistance- High Volume Node, channel lower boundary. Traders should be cautious.

Price is likely to have one more pullback to scare weak hands out before starting wave (3) of 3 to new all time highs. We could see $0.68 challenged at the S2 pivot.

If we break back into the channel the daily 200EMA will be the next resistance.

Safe trading