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$ONDO is showing a very clear breakout structure by continuously creating higher highs, confirming that the bullish trend is still strongly maintained. The current bullish momentum remains positive, indicating that the buyers are fully in control of the market.
After breaking through an important resistance zone, the price did not weaken but continued to maintain a steady upward pace. This is a sign of a "clean" breakout, showing strong capital inflow and market sentiment leaning towards bullish.
📈 Proposed trading plan:
⟶ Entry zone (Long): 0.285 – 0.298
⛔ Stop Loss: 0.270
• Take profit 1 (TP1): 0.310
• Take profit 2 (TP2): 0.330
• Take profit 3 (TP3): 0.360
This strategy focuses on capitalizing on the current uptrend while tightly managing risk with a clear stop loss below the nearest support zone. If the price continues to maintain the higher highs and higher lows structure, expanding the rally toward TP2 and TP3 levels is entirely feasible.
In the context of a market favoring assets with strong technical structures, $ONDO is one of the notable names if momentum remains sustained. However, always manage your capital wisely and adhere to disciplined trading to protect your account from unexpected fluctuations.
{spot}(ONDOUSDT)