๐ $ONDO has two areas that could affect its recovery
The latest rise from around $0.324 to $0.609 puts the 0.618 retracement level near $0.433.
If the price slows at this level, forms a sideways range, and then breaks upward, a rebound toward $0.500, $0.542, and $0.604 could follow.
If this key level does not form and the decline continues, $0.324 becomes the next level to watch. Price stability at this level could support a bounce toward $0.385โ$0.444.
Neither scenario is triggered by a touch alone. The range must hold and show an upward move first.$MAGIC
The latest rise from around $0.324 to $0.609 puts the 0.618 retracement level near $0.433.
If the price slows at this level, forms a sideways range, and then breaks upward, a rebound toward $0.500, $0.542, and $0.604 could follow.
If this key level does not form and the decline continues, $0.324 becomes the next level to watch. Price stability at this level could support a bounce toward $0.385โ$0.444.
Neither scenario is triggered by a touch alone. The range must hold and show an upward move first.$MAGIC