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ONDOUSDT.P ) has been consolidating within a descending triangle on the 1D timeframe, with price testing the $0.81 support zone multiple times. The declining volume suggests a potential breakout soon, with key levels to watch:
📉 Support: $0.81 – If this level fails, we may see further downside.
📈 Resistance: $0.90 & Trendline Break – A breakout above the descending trendline could trigger a strong bullish move.
🔥 Potential Trade Idea:
• Bullish Scenario: Breakout above the trendline with strong volume → Target $0.8 - $1.00+
• Bearish Scenario: Breakdown below $0.81 → Target $0.70 or lower
💡keep an eye on volume shifts and price action confirmations.
🚨 Risk Management: Always use stop-loss and proper risk-to-reward ratios.
This is not financial advice—trade responsibly and manage your risk effectively.
Will ONDO break out soon, or will bears take control? Let me know your thoughts in the comments!
ONDOUSDT.P ) has been consolidating within a descending triangle on the 1D timeframe, with price testing the $0.81 support zone multiple times. The declining volume suggests a potential breakout soon, with key levels to watch:📉 Support: $0.81 – If this level fails, we may see further downside.
📈 Resistance: $0.90 & Trendline Break – A breakout above the descending trendline could trigger a strong bullish move.
🔥 Potential Trade Idea:
• Bullish Scenario: Breakout above the trendline with strong volume → Target $0.8 - $1.00+
• Bearish Scenario: Breakdown below $0.81 → Target $0.70 or lower
💡keep an eye on volume shifts and price action confirmations.
🚨 Risk Management: Always use stop-loss and proper risk-to-reward ratios.
This is not financial advice—trade responsibly and manage your risk effectively.
Will ONDO break out soon, or will bears take control? Let me know your thoughts in the comments!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.