$ONDO Structure That Has Built Out Since October Looks Like A Clean Inverse Head And Shoulders To Me. Left Shoulder Around 0.35, A Deep Head That Swept Liquidity Down To 0.20 In February, And Now A Right Shoulder Forming Near 0.33 With Price Pushing Back Up.
The Neckline I Am Tracking Sits At 0.4710. This Is The Level That Matters. Price Is Currently At 0.44 And Coiling Right Under It.
My Read Is Simple. As Long As Price Holds Above The Right Shoulder Low, The Structure Stays Intact. A Daily Close Above 0.4710 Is What I Need To See Before I Get Aggressive. Without That Close, This Is Still Just A Bounce Inside A Bigger Range.
If The Neckline Breaks And Retests Cleanly, The Measured Move From The Head To The Neckline Projects Toward 0.93. That Is Roughly A 97% Move From The Breakout Zone.
