$ONDO is up 4.9% on the day and still ahead of bitcoin by 37.2 points over 30 days. a coin that's done doesn't look like that.
the screener scored it 9 out of 14. daily RSI is 58, warm but not hot, and the 4H MACD is positive. the soft spots are real: volume over the last 5 days ran at 0.70x the 20 days before, and the daily MACD histogram is still negative. so i'm not calling a breakout. i'm calling a grind back up to yesterday's high.
the line to watch is the 20-day mean at $0.50299. it's 0.8% under spot, which means the whole call rides on a very thin cushion.
$ONDO trades at $0.507 right now. if it holds $0.50299, i think it runs to yesterday's high at $0.5247 first, then tests the 24h high of $0.5325. if it loses $0.50299, i'm wrong on this and there's nothing to defend. anyone already long is then sitting under the mean with the 24h low of $0.4802 as the next floor.
holding $0.50299 or losing it?
follow me for more calls like this.
the screener scored it 9 out of 14. daily RSI is 58, warm but not hot, and the 4H MACD is positive. the soft spots are real: volume over the last 5 days ran at 0.70x the 20 days before, and the daily MACD histogram is still negative. so i'm not calling a breakout. i'm calling a grind back up to yesterday's high.
the line to watch is the 20-day mean at $0.50299. it's 0.8% under spot, which means the whole call rides on a very thin cushion.
$ONDO trades at $0.507 right now. if it holds $0.50299, i think it runs to yesterday's high at $0.5247 first, then tests the 24h high of $0.5325. if it loses $0.50299, i'm wrong on this and there's nothing to defend. anyone already long is then sitting under the mean with the 24h low of $0.4802 as the next floor.
holding $0.50299 or losing it?
follow me for more calls like this.