Chasing green candles after a 100% rally is the fastest way to become someone else's exit liquidity. Most traders sit on their hands during boring accumulation ranges, only to panic buy right into resistance when the hype finally hits their feed.
Looking at the current structure, $ONDO just delivered a 135% move from the $0.20 to $0.22 base and is now hovering around $0.53. The higher-timeframe demand held clean, and flipping $0.42 into support opened the path toward the $1 target. Some argue this is classic overextension ripe for a pullback toward mid-range supports, especially with major assets like $BTC testing key levels.
On the other hand, the momentum shift suggests this expansion phase has real legs, making any deep retracement unlikely before testing higher liquidity pools alongside strong performers like $PENDLE . Selling early often means watching strong trend continuations leave you behind, but chasing here offers terrible risk-to-reward.
Are you securing profits at these levels or holding out for the full move to $1?
#CryptoTrading #Altcoins #BinanceSquare
Looking at the current structure, $ONDO just delivered a 135% move from the $0.20 to $0.22 base and is now hovering around $0.53. The higher-timeframe demand held clean, and flipping $0.42 into support opened the path toward the $1 target. Some argue this is classic overextension ripe for a pullback toward mid-range supports, especially with major assets like $BTC testing key levels.
On the other hand, the momentum shift suggests this expansion phase has real legs, making any deep retracement unlikely before testing higher liquidity pools alongside strong performers like $PENDLE . Selling early often means watching strong trend continuations leave you behind, but chasing here offers terrible risk-to-reward.
Are you securing profits at these levels or holding out for the full move to $1?
#CryptoTrading #Altcoins #BinanceSquare
