๐ข TRADING SIGNAL: $ONDO / $USDT
๐ข Direction: LONG
๐ Confidence: 71.4%
๐ Technical analysis:
The technical structure indicates a strong bullish impulse confirmed by double-bottom and inverted head-and-shoulders patterns. The indicators support this trend with an RSI at 64.93, a bullish crossover in the MACD (0.0061 above its signal 0.0058), and a positive alignment of moving averages where the EMA20 at 0.4054 remains above the EMA50 at 0.3976. The price is consolidating after a bullish trend on the 4h HTF, holding near the support zone at 0.4068 while attempting to break the immediate resistance at 0.42185.
๐ฏ Trading levels:
๐ข Entry: $0.4068
๐ Stop Loss: $0.3981
๐ TP1: $0.4184
๐ TP2: $0.4213
๐ TP3: $0.4271
โ๏ธ Risk/Reward ratio: 1:1.33
โฑ๏ธ Timeframe: 1H
๐ Confluence: 4/5
The key level to watch is the support at 0.4068, which must hold to validate the LONG entry, with the main risk being a drop below 0.3981 that would invalidate the current bullish structure.
#crypto #ONDO #trading
๐ข Direction: LONG
๐ Confidence: 71.4%
๐ Technical analysis:
The technical structure indicates a strong bullish impulse confirmed by double-bottom and inverted head-and-shoulders patterns. The indicators support this trend with an RSI at 64.93, a bullish crossover in the MACD (0.0061 above its signal 0.0058), and a positive alignment of moving averages where the EMA20 at 0.4054 remains above the EMA50 at 0.3976. The price is consolidating after a bullish trend on the 4h HTF, holding near the support zone at 0.4068 while attempting to break the immediate resistance at 0.42185.
๐ฏ Trading levels:
๐ข Entry: $0.4068
๐ Stop Loss: $0.3981
๐ TP1: $0.4184
๐ TP2: $0.4213
๐ TP3: $0.4271
โ๏ธ Risk/Reward ratio: 1:1.33
โฑ๏ธ Timeframe: 1H
๐ Confluence: 4/5
The key level to watch is the support at 0.4068, which must hold to validate the LONG entry, with the main risk being a drop below 0.3981 that would invalidate the current bullish structure.
#crypto #ONDO #trading