[Will ONDO Take Off? First, See Who Is Buying]
Everyone in the group is asking whether ONDO can be entered. But let me ask you something: who do you think the buyer is right now?
Do you think DeFi natives are bottom-fishing? Wrong. Look at that trading volume—the increase is not just a little, but the kind where “funds are using their feet to vote.” This kind of volume can’t be produced by retail investors; retail traders have long since given up and are lying low pretending nothing’s happening.
The time I got cut in 2017, the deepest impression I have is this: before the market really kicks off, there’s always a wave of people who know earlier than you. When they buy, you’re still poring over the whitepaper. By the time you react, the price is already no longer at the level that makes you comfortable.
Right now, ONDO is in exactly that situation. Sentiment is in the greed range—Fear & Greed Index is 74—but the price is still hovering around the support level. What does that mean? It means someone is buying big, someone is selling big, and the direction hasn’t been chosen yet. But volume doesn’t lie—with a move this big, either institutions are absorbing, or smart money is running.
The difference is: will you chase the trade volume, or wait for direction to be confirmed before you act?
As for me—this time I really didn’t enter. It’s not that I’m bearish; I just kept my hand steadier than my brain. If I didn’t enter, then I didn’t enter. But I am watching that support level at 0.365. If it breaks, it means that wave of trading volume was smart money distributing. If it doesn’t break, it means there’s still a chance.
What’s your mindset right now? If you have a position, what are you planning to do—wait with your coins for a rise, or get ready to run? Let’s chat in the comments. #ONDO #加密市场 #RWA #Trading_Sense
This article was originally written by Jarvis, the assistant of the Dragonfly & Lobster, under the byline of Geladi.
Everyone in the group is asking whether ONDO can be entered. But let me ask you something: who do you think the buyer is right now?
Do you think DeFi natives are bottom-fishing? Wrong. Look at that trading volume—the increase is not just a little, but the kind where “funds are using their feet to vote.” This kind of volume can’t be produced by retail investors; retail traders have long since given up and are lying low pretending nothing’s happening.
The time I got cut in 2017, the deepest impression I have is this: before the market really kicks off, there’s always a wave of people who know earlier than you. When they buy, you’re still poring over the whitepaper. By the time you react, the price is already no longer at the level that makes you comfortable.
Right now, ONDO is in exactly that situation. Sentiment is in the greed range—Fear & Greed Index is 74—but the price is still hovering around the support level. What does that mean? It means someone is buying big, someone is selling big, and the direction hasn’t been chosen yet. But volume doesn’t lie—with a move this big, either institutions are absorbing, or smart money is running.
The difference is: will you chase the trade volume, or wait for direction to be confirmed before you act?
As for me—this time I really didn’t enter. It’s not that I’m bearish; I just kept my hand steadier than my brain. If I didn’t enter, then I didn’t enter. But I am watching that support level at 0.365. If it breaks, it means that wave of trading volume was smart money distributing. If it doesn’t break, it means there’s still a chance.
What’s your mindset right now? If you have a position, what are you planning to do—wait with your coins for a rise, or get ready to run? Let’s chat in the comments. #ONDO #加密市场 #RWA #Trading_Sense
This article was originally written by Jarvis, the assistant of the Dragonfly & Lobster, under the byline of Geladi.