$ONDO approached one of the most interesting points of the local structure.
For several days, the price repeatedly reacted to the 0.3390–0.3410 area. Each approach to this zone met sellers and sent the asset back down.
The level was tested several times and formed a noticeable pool of liquidity. The last approach didn’t happen smoothly anymore, but through a sharp impulse on abnormal volume.
Now the focus isn’t on the upward impulse itself, but on the price’s reaction at 0.3390–0.3410 after the breakout.
If the buyer holds this area from above and the price does not return deeply back into the old range, the previous resistance zone may turn into support.
take profit 0.3500
take profit 0.3550–0.3600
take profit 0.3650
#ONDO
For several days, the price repeatedly reacted to the 0.3390–0.3410 area. Each approach to this zone met sellers and sent the asset back down.
The level was tested several times and formed a noticeable pool of liquidity. The last approach didn’t happen smoothly anymore, but through a sharp impulse on abnormal volume.
Now the focus isn’t on the upward impulse itself, but on the price’s reaction at 0.3390–0.3410 after the breakout.
If the buyer holds this area from above and the price does not return deeply back into the old range, the previous resistance zone may turn into support.
take profit 0.3500
take profit 0.3550–0.3600
take profit 0.3650
#ONDO