Every $ONDO bounce this year got sold faster than the one before it.
May 0.49
June 0.47
August 0.44
September 0.40
That is not a dip. That is a staircase of lower highs, and price is standing halfway down it.
The fundamentals are the best in RWA. The chart does not care yet.
Right now $ONDO sits near 0.34, which is the worst place on the whole chart to make a decision.
That level is not support, not resistance, and not oversold. RSI is under 50 and MACD is rolling flat to negative, so nothing is confirming a move either way.
So stop trading the middle and mark the two lines that actually decide this.
Support to defend: 0.32
Trend break to reclaim: 0.40
0.32 is the floor it has held all year. Lose it on a daily close and 0.30 opens, then the 0.24 to 0.26 base underneath.
0.40 is the ceiling every rally has died at since May. Reclaim it on a daily close and the lower highs structure is finally broken.
Everything between those two is noise you are paying to sit through.
The docs earned a higher price. The chart has not paid it yet. 0.32 is where you find out if it ever will.
Long the reclaim or defend the floor. Which side breaks first?
May 0.49
June 0.47
August 0.44
September 0.40
That is not a dip. That is a staircase of lower highs, and price is standing halfway down it.
The fundamentals are the best in RWA. The chart does not care yet.
Right now $ONDO sits near 0.34, which is the worst place on the whole chart to make a decision.
That level is not support, not resistance, and not oversold. RSI is under 50 and MACD is rolling flat to negative, so nothing is confirming a move either way.
So stop trading the middle and mark the two lines that actually decide this.
Support to defend: 0.32
Trend break to reclaim: 0.40
0.32 is the floor it has held all year. Lose it on a daily close and 0.30 opens, then the 0.24 to 0.26 base underneath.
0.40 is the ceiling every rally has died at since May. Reclaim it on a daily close and the lower highs structure is finally broken.
Everything between those two is noise you are paying to sit through.
The docs earned a higher price. The chart has not paid it yet. 0.32 is where you find out if it ever will.
Long the reclaim or defend the floor. Which side breaks first?
