$ONDO #ONDO 📉
Direction: SHORT
Entry zone: 0.356819 to 0.358249
Stop loss: 0.362897
Target 1: 0.350383
Target 2: 0.345020
Ondo Finance is trading near 0.357534 dollars, down 1.83 percent in 24 hours and down 11.71 percent over 7 days, inside a range of 0.357456 to 0.365736 dollars, and the recent closes show sellers in control, 0.361855, then 0.362285, then 0.362107, then 0.35875, then 0.357534. 🔴 My reading is that ONDO is pinned right on its range low in a fear market, because it lost almost 12 percent this week on 58.8 million dollars of volume and nobody is stepping in to buy it, and a coin sitting on its range low usually breaks the low before it bounces. A short from the current zone, with a stop above 0.362897, targets 0.350383 first and then 0.345020 if sellers push through. A rise above 0.362897 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Ondo fall to 0.350383 first, or rise above 0.362897? 🤔
Follow for more trades.
#OndoFinance #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.356819 to 0.358249
Stop loss: 0.362897
Target 1: 0.350383
Target 2: 0.345020
Ondo Finance is trading near 0.357534 dollars, down 1.83 percent in 24 hours and down 11.71 percent over 7 days, inside a range of 0.357456 to 0.365736 dollars, and the recent closes show sellers in control, 0.361855, then 0.362285, then 0.362107, then 0.35875, then 0.357534. 🔴 My reading is that ONDO is pinned right on its range low in a fear market, because it lost almost 12 percent this week on 58.8 million dollars of volume and nobody is stepping in to buy it, and a coin sitting on its range low usually breaks the low before it bounces. A short from the current zone, with a stop above 0.362897, targets 0.350383 first and then 0.345020 if sellers push through. A rise above 0.362897 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Ondo fall to 0.350383 first, or rise above 0.362897? 🤔
Follow for more trades.
#OndoFinance #Crypto #FuturesTrading #TradingSignals
