Trading View｜10/1 13:21
$ONDO Bearish Bias｜Focus Zone 0.5095 - 0.5186 ｜ Invalidation Reference 0.5255 ｜ Observation Levels 0.4883 / 0.4769
$ONDO The current structure remains bearish.
The Supertrend stays pointing downward; the buy/sell ratio (active trading ratio) is 0.91, with sell liquidity in advantage. Meanwhile, open interest has fallen by 10.6% within 24 hours.
The key is to watch whether the pullback can be capped in the resistance area, to confirm whether the bearish structure continues.
Current price is 0.5095, sitting between the Bollinger mid-band 0.5034 and the upper band 0.5186. The recent high is 0.5255.
RSI is 55.1, and MACD still shows bullish momentum—suggesting the strength of the short-term pullback has not fully faded, which is a constraining factor within the bearish structure.
However, the Supertrend is still trending down. Until price reclaims the recent high, the structure is more suitable to monitor for selling pressure on pullbacks.
The 24-hour trading volume is $223 million, and price is up 1.70%, but open interest has dropped to $77.95 million. The rebound is accompanied by shrinking open interest, so the sustainability still needs confirmation.
Funding rate is +0.0024%; long accounts make up 67%. Yet the active buy/sell ratio is only 0.91—accounts lean toward being long, but active execution is more sell-heavy. This raises the possibility of a long crowding effect coinciding with sell pressure.
For the bearish focus zone, start by watching 0.5095 - 0.5186, which is more suitable for waiting for confirmation after the pullback shows resistance.
If, during the retest of the focus zone, short-side selling pressure is absorbed, and the pullback continues to be capped, then the bearish bias holds.
If price reaches and then reclaims the invalidation reference 0.5255, it indicates the current decline structure is broken—the bearish thesis is invalidated. Don’t overstay the trade.
If there is a downside breakout with increased volume below the observation level 0.4883, then look for support around 0.4769.
There are currently no significant reversal signals, but RSI and MACD still retain short-term bullish characteristics, and contract leverage itself is a risk factor.
The risk/reward ratio is 1.3. Until conditions are met, do not assume the outcome in advance. With leveraged contracts, position discipline matters more than directional judgment.
For reference only and does not constitute investment advice. Contracts are leveraged—investing involves risk.
This article was generated with assistance from an OpenAI large model.
$ONDO #Contract Analysis
$ONDO Bearish Bias｜Focus Zone 0.5095 - 0.5186 ｜ Invalidation Reference 0.5255 ｜ Observation Levels 0.4883 / 0.4769
$ONDO The current structure remains bearish.
The Supertrend stays pointing downward; the buy/sell ratio (active trading ratio) is 0.91, with sell liquidity in advantage. Meanwhile, open interest has fallen by 10.6% within 24 hours.
The key is to watch whether the pullback can be capped in the resistance area, to confirm whether the bearish structure continues.
Current price is 0.5095, sitting between the Bollinger mid-band 0.5034 and the upper band 0.5186. The recent high is 0.5255.
RSI is 55.1, and MACD still shows bullish momentum—suggesting the strength of the short-term pullback has not fully faded, which is a constraining factor within the bearish structure.
However, the Supertrend is still trending down. Until price reclaims the recent high, the structure is more suitable to monitor for selling pressure on pullbacks.
The 24-hour trading volume is $223 million, and price is up 1.70%, but open interest has dropped to $77.95 million. The rebound is accompanied by shrinking open interest, so the sustainability still needs confirmation.
Funding rate is +0.0024%; long accounts make up 67%. Yet the active buy/sell ratio is only 0.91—accounts lean toward being long, but active execution is more sell-heavy. This raises the possibility of a long crowding effect coinciding with sell pressure.
For the bearish focus zone, start by watching 0.5095 - 0.5186, which is more suitable for waiting for confirmation after the pullback shows resistance.
If, during the retest of the focus zone, short-side selling pressure is absorbed, and the pullback continues to be capped, then the bearish bias holds.
If price reaches and then reclaims the invalidation reference 0.5255, it indicates the current decline structure is broken—the bearish thesis is invalidated. Don’t overstay the trade.
If there is a downside breakout with increased volume below the observation level 0.4883, then look for support around 0.4769.
There are currently no significant reversal signals, but RSI and MACD still retain short-term bullish characteristics, and contract leverage itself is a risk factor.
The risk/reward ratio is 1.3. Until conditions are met, do not assume the outcome in advance. With leveraged contracts, position discipline matters more than directional judgment.
For reference only and does not constitute investment advice. Contracts are leveraged—investing involves risk.
This article was generated with assistance from an OpenAI large model.
$ONDO #Contract Analysis
