$ONDO is up 34.56% in 30 days and still sits 1.9% under its 20-day mean at $0.493425.
That's 29.0 points ahead of BTC over the month, and the last week was a cooldown, not a crack. 7d is -1.77%, daily RSI is 55, and volume over the last 5 days is 0.76x the 20 days before. Nobody's chasing it, and I like that in a base.
The screener scores the setup 9 out of 14. That's solid, not perfect. The daily MACD histogram is still negative, and that's the weak spot in my read.
$ONDO trades at $0.4843 right now. If it holds the daily EMA20 at $0.475764, I think it walks back up to $0.493425 and then tests the 24h high of $0.4966. If it loses $0.475764, I'm wrong on this and there's nothing to defend. If you're long, your next stop is the 24h low of $0.4617.
Holding $0.475764 or losing it?
follow me for more calls like this.
That's 29.0 points ahead of BTC over the month, and the last week was a cooldown, not a crack. 7d is -1.77%, daily RSI is 55, and volume over the last 5 days is 0.76x the 20 days before. Nobody's chasing it, and I like that in a base.
The screener scores the setup 9 out of 14. That's solid, not perfect. The daily MACD histogram is still negative, and that's the weak spot in my read.
$ONDO trades at $0.4843 right now. If it holds the daily EMA20 at $0.475764, I think it walks back up to $0.493425 and then tests the 24h high of $0.4966. If it loses $0.475764, I'm wrong on this and there's nothing to defend. If you're long, your next stop is the 24h low of $0.4617.
Holding $0.475764 or losing it?
follow me for more calls like this.