$ONDO is up 44.51% over 30 days and sitting at $0.4921 after a soft week. that's a coin catching its breath, not one breaking.
the 7d number (-5.71%) is what scares people. the tape underneath says otherwise: daily MACD histogram is still positive, RSI is 58 so there's room to run, and the last 5 days of volume are 1.32x the 20 days before. sellers aren't getting paid for pushing it. against BTC it's still +35.1 points on 30d.
pullbacks inside a 30 day run are rent, not eviction.
$ONDO trades at $0.4921 right now, with a 24h low of $0.4842. if it holds that low, i think it goes back to yesterday's high at $0.526, 6.9% above spot. setup score is 8 out of 14, so it's a decent setup and not a lock. if it loses yesterday's low at $0.4773, i'm wrong and there's nothing to defend. that's about 3.0% below spot, and it's the line where a long stops being a pullback and becomes a bag.
holding $0.4773 or losing it?
follow me for more calls like this.
the 7d number (-5.71%) is what scares people. the tape underneath says otherwise: daily MACD histogram is still positive, RSI is 58 so there's room to run, and the last 5 days of volume are 1.32x the 20 days before. sellers aren't getting paid for pushing it. against BTC it's still +35.1 points on 30d.
pullbacks inside a 30 day run are rent, not eviction.
$ONDO trades at $0.4921 right now, with a 24h low of $0.4842. if it holds that low, i think it goes back to yesterday's high at $0.526, 6.9% above spot. setup score is 8 out of 14, so it's a decent setup and not a lock. if it loses yesterday's low at $0.4773, i'm wrong and there's nothing to defend. that's about 3.0% below spot, and it's the line where a long stops being a pullback and becomes a bag.
holding $0.4773 or losing it?
follow me for more calls like this.
