Rationale: ONDO has been one of the cleanest markets to trade as of late. Oracle / RWA narrative has been consistent and should continue through this cycle. Although we not get this pullback, I want to have bids set as I feel it needs to occur at some point for continuation (up) to occur. The price objective from a market markers PoV is to take out the lows from earlier this week (highlighted in purple) after price had leveled up out of its prior consolidation area (0.3-.34).
Details:
Trade Vehicle: Spot (no leverage)
Trade Type: Swing (Holding for one day +)
Entry: 0.375 - 0.355
Stop Loss: A 1 Hour candle close below 0.31
Take Profit Levels: TBD
Macro Considerations:
Trading on the weekend is more risky as there is less participants (liquidity) and can create bigger moves, hence the reason to pass on a leveraged trade. BTC is also in a state of indecision where the current expectation (general sentiment) is for a move down to $48-46k).
Details:
Trade Vehicle: Spot (no leverage)
Trade Type: Swing (Holding for one day +)
Entry: 0.375 - 0.355
Stop Loss: A 1 Hour candle close below 0.31
Take Profit Levels: TBD
Macro Considerations:
Trading on the weekend is more risky as there is less participants (liquidity) and can create bigger moves, hence the reason to pass on a leveraged trade. BTC is also in a state of indecision where the current expectation (general sentiment) is for a move down to $48-46k).
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.