ONDO/USDT Potential Reversal from Key Demand Zone (4H Analysis)
Updated
This analysis highlights a potential reversal opportunity for ONDO/USDT on the 4-hour timeframe. The price is approaching a key demand zone (order block), which has previously acted as strong support. The setup includes:
• Entry: Around $1.2578
• Stop Loss: Below the order block at $1.1897
• Target: $1.73 (a solid risk-to-reward ratio)
The confluence of historical demand and price action suggests a possible bullish reaction. Traders should monitor volume and candlestick confirmations before entering. Remember to manage risk and adapt to market conditions.
• Entry: Around $1.2578
• Stop Loss: Below the order block at $1.1897
• Target: $1.73 (a solid risk-to-reward ratio)
The confluence of historical demand and price action suggests a possible bullish reaction. Traders should monitor volume and candlestick confirmations before entering. Remember to manage risk and adapt to market conditions.
Trade closed: stop reached
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