🚨 $ONDO | SUPPORT ZONE RETEST BUY SETUP 🟢
The price $ONDO is trading in an upward positive trend, above the main support area and the moving averages on the 4-hour timeframe. It is heading to perform a corrective pullback to test the support zone before resuming the move toward the upper supply zone.
🟢 Retest zone: $0.3550–$0.3650 (green support zone and intersection with the orange moving average)
🎯 Targets:
TP1: $0.3942
TP2: $0.4057
TP3: $0.4166
🛑 Scenario cancellation: $0.3500 (break of the support zone and a close below it)
📌 Scenario: We wait for a corrective pullback to test the green support zone between $0.3550–$0.3650 and confirm the rebound. This is followed by a gradual rise targeting the upper levels, up to the red supply zone at $0.4280.
⚠️ Note: The momentum indicator shows a positive advance with the continuation of the overall uptrend, giving a high advantage to the buy scenario right after the retest is completed.
The price $ONDO is trading in an upward positive trend, above the main support area and the moving averages on the 4-hour timeframe. It is heading to perform a corrective pullback to test the support zone before resuming the move toward the upper supply zone.
🟢 Retest zone: $0.3550–$0.3650 (green support zone and intersection with the orange moving average)
🎯 Targets:
TP1: $0.3942
TP2: $0.4057
TP3: $0.4166
🛑 Scenario cancellation: $0.3500 (break of the support zone and a close below it)
📌 Scenario: We wait for a corrective pullback to test the green support zone between $0.3550–$0.3650 and confirm the rebound. This is followed by a gradual rise targeting the upper levels, up to the red supply zone at $0.4280.
⚠️ Note: The momentum indicator shows a positive advance with the continuation of the overall uptrend, giving a high advantage to the buy scenario right after the retest is completed.
