$ONDO is trading at $0.43790 today and I am passing on it completely
Volume is sitting at just 0.3x the weekly average which tells me nobody is really stepping in here
It is down 2.3 percent over the day and drifting in the lower half of its range
I need to see an hourly close and hold above $0.45160 before I take it seriously
Or a clean pullback that holds $0.42820 and actually bounces first
It could keep running without you and a bad entry costs more than a missed move
Chasing $ONDO here or waiting for $0.42820
#ONDO #RiskManagement
Volume is sitting at just 0.3x the weekly average which tells me nobody is really stepping in here
It is down 2.3 percent over the day and drifting in the lower half of its range
I need to see an hourly close and hold above $0.45160 before I take it seriously
Or a clean pullback that holds $0.42820 and actually bounces first
It could keep running without you and a bad entry costs more than a missed move
Chasing $ONDO here or waiting for $0.42820
#ONDO #RiskManagement