$ONDO 1️⃣ First Option (Short Trade)
Condition: Price breaks below 0.2850.
· Entry: 0.2840
· Stop Loss: 0.2885
· Take Profit 1: 0.2800
· Take Profit 2: 0.2750
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2️⃣ Second Option (Long Trade)
Condition: Price reverses from 0.2795 (bounces upward).
· Entry: 0.2805
· Stop Loss: 0.2780
· Take Profit 1: 0.2840
· Take Profit 2: 0.2870
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3️⃣ Third Option (Breakout Follow-up)
Condition: If price breaks above 0.2870.
· Entry: 0.2875
· Stop Loss: 0.2845
· Take Profit 1: 0.2900
· Take Profit 2: 0.2940
Current Pattern:
· Descending Channel (Bearish Continuation Pattern)
· Price is making lower highs and lower lows
· Currently trading near the lower boundary of the channel
· A breakout or reversal is expected soon
2️⃣ Pattern Confirmation:
· If price breaks below 0.2795:
➜ Pattern = Breakout from Descending Channel
➜ Direction = Bearish Continuation
· If price bounces from 0.2795:
➜ Pattern = Support Bounce / Reversal
➜ Direction = Bullish Pullback
· If price breaks above 0.2870:
➜ Pattern = Channel Breakout (Trend Reversal)
➜ Direction = Bullish Reversal
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