$ONDO - Descending Resistance keeping the price Bearish!
As you can see the market is printing the consistent lower highs and lower lows. Multiple Coch levels already failed to reverse price that means they're acting as continuation. In a healthy downtrend price do exactly what we are seeing in this chart. according to my analysis as long as price below this resistance market will act downtrend with continuation towards the lower liquidity.
entry price- 00.2391 - 0.2361
1st tp- 0.2302 close 30% here and set your SL at entry.
2nd tp- 0.2204 close 100%
SL-0.2496
As you can see the market is printing the consistent lower highs and lower lows. Multiple Coch levels already failed to reverse price that means they're acting as continuation. In a healthy downtrend price do exactly what we are seeing in this chart. according to my analysis as long as price below this resistance market will act downtrend with continuation towards the lower liquidity.
entry price- 00.2391 - 0.2361
1st tp- 0.2302 close 30% here and set your SL at entry.
2nd tp- 0.2204 close 100%
SL-0.2496