This $ONDO setup could reward patience more than chasing green candles.
Higher-timeframe structure remains bullish despite short-term selling pressure, keeping the upside scenario intact.
Trade Plan
• Entry: 0.37675 – 0.38585
• Stop Loss: 0.36557
• TP1: 0.39400
• TP2: 0.40098
$ONDO is approaching an important reaction zone. The 1H and 4H market structure continue printing higher highs and higher lows, while RSI still favors buyers. Although taker volume currently leans toward sellers, this could simply be profit-taking before the next move if support continues to hold.
Always use Stop Loss to protect your capital. Use trailing stops to secure profits as the trade develops. DYOR. Not financial advice.
Would you enter inside the buy zone or wait for a confirmed breakout above resistance?
#ONDO #priceaction #RiskManagement
Higher-timeframe structure remains bullish despite short-term selling pressure, keeping the upside scenario intact.
Trade Plan
• Entry: 0.37675 – 0.38585
• Stop Loss: 0.36557
• TP1: 0.39400
• TP2: 0.40098
$ONDO is approaching an important reaction zone. The 1H and 4H market structure continue printing higher highs and higher lows, while RSI still favors buyers. Although taker volume currently leans toward sellers, this could simply be profit-taking before the next move if support continues to hold.
Always use Stop Loss to protect your capital. Use trailing stops to secure profits as the trade develops. DYOR. Not financial advice.
Would you enter inside the buy zone or wait for a confirmed breakout above resistance?
#ONDO #priceaction #RiskManagement