Market Context:
ONDO has historically performed well with the backing of BlackRock in the RWA space.
Recent price decline opens a potentially great buying opportunity for the long term.
Buyers are defending the current price, but further weakness could see a retest of range low support.
Trade Parameters:
Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction.
Take Profit:
First target: $0.73
Second target: $0.99
Third target: $1.49
Stop Loss: Set at a daily close under $0.38.
Additional Notes:
Monitor for signs of bullish volatility to confirm the entry zone.
Look for clearing of long liquidity and higher conviction on a retest of the lows.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#ONDO #TradingStrategy #CryptoTrading 🎯
ONDO has historically performed well with the backing of BlackRock in the RWA space.
Recent price decline opens a potentially great buying opportunity for the long term.
Buyers are defending the current price, but further weakness could see a retest of range low support.
Trade Parameters:
Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction.
Take Profit:
First target: $0.73
Second target: $0.99
Third target: $1.49
Stop Loss: Set at a daily close under $0.38.
Additional Notes:
Monitor for signs of bullish volatility to confirm the entry zone.
Look for clearing of long liquidity and higher conviction on a retest of the lows.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#ONDO #TradingStrategy #CryptoTrading 🎯
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.