$ONDO #ONDO 📉
Direction: SHORT
Entry zone: 0.3982 to 0.3998
Stop loss: 0.4050
Target 1: 0.3910
Target 2: 0.3850
Ondo is trading near 0.3990 dollars, inside a range of 0.3976 to 0.4194, and the recent hourly closes show a fade that stuck, 0.4003, then 0.3985, then 0.3990, then 0.3989, then 0.3990. 🔴 My reading is that ONDO is weak while the market cools, because it is sitting right above its 24 hour low after giving back the whole push toward 0.4194, and the evening tape is not giving altcoins any reason to bounce. A short from the current zone, with a stop above 0.4050, targets 0.3910 first and then 0.3850 if sellers push through the range low. A rise above 0.4050 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Ondo fall to 0.3910 first, or rise above 0.4050? 🤔
Follow for more trades.
#Ondo #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.3982 to 0.3998
Stop loss: 0.4050
Target 1: 0.3910
Target 2: 0.3850
Ondo is trading near 0.3990 dollars, inside a range of 0.3976 to 0.4194, and the recent hourly closes show a fade that stuck, 0.4003, then 0.3985, then 0.3990, then 0.3989, then 0.3990. 🔴 My reading is that ONDO is weak while the market cools, because it is sitting right above its 24 hour low after giving back the whole push toward 0.4194, and the evening tape is not giving altcoins any reason to bounce. A short from the current zone, with a stop above 0.4050, targets 0.3910 first and then 0.3850 if sellers push through the range low. A rise above 0.4050 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Ondo fall to 0.3910 first, or rise above 0.4050? 🤔
Follow for more trades.
#Ondo #Crypto #FuturesTrading #TradingSignals
