$ONDO #ONDO 📉
Direction: SHORT
Entry zone: 0.338 to 0.343
Stop loss: 0.350
Target 1: 0.333
Target 2: 0.325
Ondo is trading near 0.340 dollars, down 2.03 percent in 24 hours, inside a range of 0.331 to 0.356 dollars, and the recent closes show sellers pressing lower step by step, 0.340, then 0.343, then 0.342, then 0.340, then 0.340. 🔴 My reading is that ONDO is the weak one in a weak market, because it fell while the whole market was already bleeding, and five closes stuck under 0.343 dollars show sellers defending this level every time buyers try to lift it. A short from the current zone, with a stop above 0.350, targets 0.333 first and then 0.325 if sellers break the range low. A move above the stop 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 break 0.333 first, or reclaim 0.350 first? 🤔
Follow for more trades.
#Ondo #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.338 to 0.343
Stop loss: 0.350
Target 1: 0.333
Target 2: 0.325
Ondo is trading near 0.340 dollars, down 2.03 percent in 24 hours, inside a range of 0.331 to 0.356 dollars, and the recent closes show sellers pressing lower step by step, 0.340, then 0.343, then 0.342, then 0.340, then 0.340. 🔴 My reading is that ONDO is the weak one in a weak market, because it fell while the whole market was already bleeding, and five closes stuck under 0.343 dollars show sellers defending this level every time buyers try to lift it. A short from the current zone, with a stop above 0.350, targets 0.333 first and then 0.325 if sellers break the range low. A move above the stop 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 break 0.333 first, or reclaim 0.350 first? 🤔
Follow for more trades.
#Ondo #Crypto #FuturesTrading #TradingSignals
