$ONDO Breakout volume recovers the afternoon pre-high; tonight focus on the consolidation after the breakout.
Binance spot 20:00 hourly line closed up 6.59%, at 0.4564, surpassing the 15:00 high of 0.4433. Previously there was a continuous pullback from 16:00 and 17:00; from 18:00 and 19:00 it slowly repaired, and this candle recovered the afternoon decline.
The trading volume is 12.18 times the average volume of the previous six hourly candles. The breakout has volume confirmation. However, after spiking to 0.4710, it gave back the gains—breakout volume doesn’t yet mean it’s fully been held.
Bullish conditions: pull back to around 0.4433 and hold it; if the hourly close remains above it, then watch whether it can absorb the sell pressure from 0.4710. If the hourly close falls back below 0.4433, then the continuation of the breakout judgment should be withdrawn—don’t chase and buy the upper shadow. Open the market tracker and watch the next candle close.
Source: Binance spot 1h chart and public K-line interface; collected at 21:04 on Sep 24 (UTC+8), with the 21:00 line not yet closed.
https://www.binance.com/en/trade/ONDO_USDT?type=spot
Binance spot 20:00 hourly line closed up 6.59%, at 0.4564, surpassing the 15:00 high of 0.4433. Previously there was a continuous pullback from 16:00 and 17:00; from 18:00 and 19:00 it slowly repaired, and this candle recovered the afternoon decline.
The trading volume is 12.18 times the average volume of the previous six hourly candles. The breakout has volume confirmation. However, after spiking to 0.4710, it gave back the gains—breakout volume doesn’t yet mean it’s fully been held.
Bullish conditions: pull back to around 0.4433 and hold it; if the hourly close remains above it, then watch whether it can absorb the sell pressure from 0.4710. If the hourly close falls back below 0.4433, then the continuation of the breakout judgment should be withdrawn—don’t chase and buy the upper shadow. Open the market tracker and watch the next candle close.
Source: Binance spot 1h chart and public K-line interface; collected at 21:04 on Sep 24 (UTC+8), with the 21:00 line not yet closed.
https://www.binance.com/en/trade/ONDO_USDT?type=spot
