$ONDO Bounces to 0.4150 or breaks to 0.3630.



Long $ONDO
Entry: 0.3740–0.3790

SL: 0.3690

TP1: 0.3937
TP2: 0.4150
TP3: 0.4350

Market Context & Reasoning

Price printing a heavy downward correction after hitting a local peak at 0.4755, flushing out momentum buyers and currently searching for an absolute bottom around the 0.3776 structural zone. The 1-hour chart highlights tight compression forming just above the 24h low at 0.3733.
If buyers manage to absorb this localized sell-off and defend the current support region, overextended breakdown shorts will be forced to cover. This technical structure points toward a natural relief rotation back toward the 0.3937 intermediate level first, before opening a path to test the 0.4150 range high breakdown origin.

Trade $ONDO here 👇
ONDO-5.86%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned