QUICK ANALYSIS #ONDO - 11/05
ONDO is linked to the infrastructure of real assets (RWA), which is gaining prominence with institutions and governments. Events such as "tokenization of assets" favor its appreciation.
Founded by former members of Goldman Sachs, the project has strong expertise in traditional finance. However, like any new narrative, it still needs to show real results and find a balance between innovation and legal security.
IF OBSERVED MACRO it is heading towards an upward trend with a structure of ascending tops and bottoms. After the previous peak, it is making a slight pullback, but maintaining a positive structure.
——— ANALYSIS 👇🏽🥷
As the asset has already experienced a wide movement, let's try to position ourselves. That is, if it gives an entry, great, but if it shows weakness, we exit at the stop and, as always, come back later within the conservative entry. LET'S WAIT
🥊Support: 1.024 | 0.990
🔴Resistance: 1.089 | 1.130
🧨Entry with struggle: 1.029 - 0.990 😌
🟢Conservative entry: 0.930 - 0.880
Stop: 3 - 5%
———-
Updated 13/05 12:39👇🏽👇🏽
🚀Partial: 1.1061 | 1.1820 | 1.2518
🔥Target point 1: 1.4480
🔥Target point 2: 1.8045
🔥Target point 3: 2.0000
$ONDO