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TRADE IDEA: $ONDO
Market Condition
ONDO is attempting to stabilize after a strong corrective phase from the recent local top. Price action shows early signs of recovery as buyers defend the $0.34 zone and momentum slowly rebuilds on the daily timeframe.
Execution Area
$0.348 — $0.356
Profit Objectives
• TP1 → $0.372
• TP2 → $0.395
• TP3 → $0.425
Protection Level
• SL → $0.337
Analyst View
The sharp rejection from lows followed by consecutive recovery candles suggests bullish accumulation may be forming. A sustained move above nearby resistance could trigger continuation toward higher supply zones.
Position Bias: LONG
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