$ONDO is in a downtrend and experiencing a slight technical rebound. The current price of 0.46 is still below EMA9 (0.47–0.48) and EMA21 (0.48–0.49)
· Additionally, EMA9 has crossed below EMA21 and is trending downward, confirming that bears are in control. These EMAs will act as dynamic resistance levels.
· Open interest (OI) has fallen sharply from its peak when the price was 0.61, indicating outflows or long liquidations.
· Cumulative volume delta (CVD) has plunged (4-hour: -1.74B), indicating extremely strong aggressive selling pressure. Despite the slight price rebound, CVD has flattened out at the bottom, showing that buying pressure is very weak.
$ONDO short trade setup
· Short entry: 0.47–0.49 zone (EMA resistance zone)
· Stop-loss: Above 0.51
· Take-profit:
· TP1: 0.45 (recent low)
· TP2: 0.44 (next support zone)
Support me here with your trades 👇#ONDO
· Additionally, EMA9 has crossed below EMA21 and is trending downward, confirming that bears are in control. These EMAs will act as dynamic resistance levels.
· Open interest (OI) has fallen sharply from its peak when the price was 0.61, indicating outflows or long liquidations.
· Cumulative volume delta (CVD) has plunged (4-hour: -1.74B), indicating extremely strong aggressive selling pressure. Despite the slight price rebound, CVD has flattened out at the bottom, showing that buying pressure is very weak.
$ONDO short trade setup
· Short entry: 0.47–0.49 zone (EMA resistance zone)
· Stop-loss: Above 0.51
· Take-profit:
· TP1: 0.45 (recent low)
· TP2: 0.44 (next support zone)
Support me here with your trades 👇#ONDO