$ONDO / USDT Technical Analysis: Testing Critical MA(99) Support 📉
$ONDO is currently experiencing a short-term pullback on the 1-hour chart, trading around $0.3760 as it tests the key 99-period Moving Average MA(99) support zone.
📊 Technical Breakdown:
Trend & Resistance: The 1-hour SuperTrend (10,3) turned red at $0.3920, setting overhead resistance along with MA(25) at $0.3820.
Support Levels: Price is sitting right at the critical MA(99) dynamic support around $0.3747. A breakdown below this level could open the path toward lower demand bounds around $0.3550 – $0.3600.
🎯 Trade Setup (Buy Limit Strategy):
Entry Zone (Buy Limit): $0.3550 – $0.3600 (Waiting for major support retest)
Take-Profit 1 (TP1): $0.3770 (Testing MA7 resistance)
Take-Profit 2 (TP2): $0.3850
Stop-Loss (SL): $0.3450 (1H candle close below key support invalidates setup)
💡 Risk Management: Always practice conservative leverage ($2x - 5x) and risk only a small portion of your trading margin per setup.
#ONDO #CryptoTrading #BinanceSquare #TechnicalAnalysis $ONDO
$ONDO is currently experiencing a short-term pullback on the 1-hour chart, trading around $0.3760 as it tests the key 99-period Moving Average MA(99) support zone.
📊 Technical Breakdown:
Trend & Resistance: The 1-hour SuperTrend (10,3) turned red at $0.3920, setting overhead resistance along with MA(25) at $0.3820.
Support Levels: Price is sitting right at the critical MA(99) dynamic support around $0.3747. A breakdown below this level could open the path toward lower demand bounds around $0.3550 – $0.3600.
🎯 Trade Setup (Buy Limit Strategy):
Entry Zone (Buy Limit): $0.3550 – $0.3600 (Waiting for major support retest)
Take-Profit 1 (TP1): $0.3770 (Testing MA7 resistance)
Take-Profit 2 (TP2): $0.3850
Stop-Loss (SL): $0.3450 (1H candle close below key support invalidates setup)
💡 Risk Management: Always practice conservative leverage ($2x - 5x) and risk only a small portion of your trading margin per setup.
#ONDO #CryptoTrading #BinanceSquare #TechnicalAnalysis $ONDO