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ONDO is hovering around 0.34, and retail traders are panicking and cutting losses.
$ONDO /USDT - LONG
Trading plan:
Entry: 0.3386 – 0.3418
SL: 0.3205
TP1: 0.3550
TP2: 0.3648
TP3: 0.3796
Why watch this structure?
- 15-minute RSI is only 37.78; clear oversold pullback rebound signal.
- 1-hour ATR is only 0.0063; volatility has compressed to the extreme, and a big move could be imminent.
- Why now? Price is precisely at the key support of 0.3402; the 4-hour LONG signal is 77.4, with clear signs of main capital accumulation.
Discussion:
Will this move reach TP1 at 0.3550 first, or will it spike down to lure longs before dropping again?