$ONDO: Smart Money Distribution Visible on $ONDO On-Chain Data
SHORT SETUP ONDO
Entry: $0.49820 - $0.49850
Stop Loss: $0.51828
Take Profit: $0.45848 (2R)
Key Levels: Support $0.49320 | Resistance $0.50850
Technical Analysis for $ONDO: Price sits below EMA9 (0.5019), EMA21 (0.5028) and EMA200 (0.4997), indicating bearish bias. MACD histogram is negative and the MACD line is under its signal, confirming downmomentum. RSI is neutraltobearish at 44.9 and Stochastic K is low at 25.9, suggesting limited upside. Orderbook shows a sellside imbalance of -12.55%, reinforcing the short outlook.
Market Context: BTC is in a 2.3% bearish 24h move and the broader market is broadly negative (84% red). This adds downward pressure to risk assets like ONDO.
SHORT $ONDO
SHORT SETUP ONDO
Entry: $0.49820 - $0.49850
Stop Loss: $0.51828
Take Profit: $0.45848 (2R)
Key Levels: Support $0.49320 | Resistance $0.50850
Technical Analysis for $ONDO: Price sits below EMA9 (0.5019), EMA21 (0.5028) and EMA200 (0.4997), indicating bearish bias. MACD histogram is negative and the MACD line is under its signal, confirming downmomentum. RSI is neutraltobearish at 44.9 and Stochastic K is low at 25.9, suggesting limited upside. Orderbook shows a sellside imbalance of -12.55%, reinforcing the short outlook.
Market Context: BTC is in a 2.3% bearish 24h move and the broader market is broadly negative (84% red). This adds downward pressure to risk assets like ONDO.
SHORT $ONDO
