The BNB strategy highlighted in the previous update has successfully taken profit, with price action unfolding exactly as anticipated by the chart structure. Easy-money opportunities and divergence are moving in sync. The $ONDO daily chart structure remains in an uptrend, with price holding firmly above the EMA50 and EMA200—this is no coincidence. The 15-minute ADX reading of 32.7 shows buyers are driving the move, while the 1-hour RSI at 60.6 also points to positive momentum.
The point of divergence is that short-term volume has yet to catch up. The pullback zone is an opportunity for those with patience. As long as price does not decisively break below the key support, the trend remains intact, and a step-by-step move through the resistance levels above is the more likely path. Keep position sizes light, and don’t mistake a pullback for a reversal.
🟢 Trade direction: Long
📍 Entry range: 0.4672268 – 0.4687104
🛑 Stop loss: 0.4497399
🎯 Take profit 1: 0.4816401
🎯 Take profit 2: 0.4907544
🎯 Take profit 3: 0.5044260
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Click below to trade 👇
The point of divergence is that short-term volume has yet to catch up. The pullback zone is an opportunity for those with patience. As long as price does not decisively break below the key support, the trend remains intact, and a step-by-step move through the resistance levels above is the more likely path. Keep position sizes light, and don’t mistake a pullback for a reversal.
🟢 Trade direction: Long
📍 Entry range: 0.4672268 – 0.4687104
🛑 Stop loss: 0.4497399
🎯 Take profit 1: 0.4816401
🎯 Take profit 2: 0.4907544
🎯 Take profit 3: 0.5044260
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Click below to trade 👇