๐ธ Key Support Zone at 0.55 - 0.83:
ONDO is currently in a potential accumulation phase within the highlighted support zone. Price has tested this area multiple times, indicating strong demand.
๐ธ Upside Target: $1.50 - $2.00
Once the accumulation phase is completed and ONDO breaks above the $1.00 resistance, it can potentially rally towards $1.50 and beyond.
๐ธ Risk Level at $0.50:
A clean breakdown below $0.50 would invalidate the bullish outlook and signal further downside risk.
๐ธ Action Plan:
Start accumulating ONDO in the $0.83 - $0.55 range.
Use a Dollar-Cost Averaging (DCA) strategy to manage risk.
Wait for a breakout above $1.00 for confirmation of trend reversal.
If price drops below $0.50, reassess the position.
This is a high-reward potential setup, but patience is key while accumulation plays out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.