$ONDO: Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP ONDO
Entry: $0.50120 - $0.50180
Stop Loss: $0.51910
Take Profit: $0.46630 (2R)
Key Levels: Support $0.49570 | Resistance $0.50180
Technical Analysis for $ONDO: ONDO is trading just under the 1H resistance at 0.5018, with price below EMA9/21/50, indicating short bias. RSI sits near 49 and stochastic below 45, adding downside pressure. MACD is slightly bullish, a modest countersignal. Watch for a break below 0.4957 to confirm; a hold above 0.5018 could flip risk.
Market Context: BTC is in a 24hour bearish dip, down 0.2%, and the overall market shows a broadly negative breadth (63.7% red). This adds
SHORT $ONDO
SHORT SETUP ONDO
Entry: $0.50120 - $0.50180
Stop Loss: $0.51910
Take Profit: $0.46630 (2R)
Key Levels: Support $0.49570 | Resistance $0.50180
Technical Analysis for $ONDO: ONDO is trading just under the 1H resistance at 0.5018, with price below EMA9/21/50, indicating short bias. RSI sits near 49 and stochastic below 45, adding downside pressure. MACD is slightly bullish, a modest countersignal. Watch for a break below 0.4957 to confirm; a hold above 0.5018 could flip risk.
Market Context: BTC is in a 24hour bearish dip, down 0.2%, and the overall market shows a broadly negative breadth (63.7% red). This adds
SHORT $ONDO
