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$ONDO Trade Setup 👀
ONDO broke below the rising trendline and is now retesting a key resistance zone around the previous support area. The recent bounce looks weak, and price is struggling to reclaim the breakdown level.
As long as ONDO stays below this resistance zone, the structure remains bearish and a move towards lower levels looks likely. This retest area is acting as the decision point right now.
Trade Setup:
Entry around current resistance zone
Invalidation above the recent high/resistance area
Target towards the lower support region shown on the chart
If rejection confirms here, downside momentum can accelerate quickly.
DYOR, NFA
#ONDO