ONDO buy setupIn the upper part of the chart, we have a liquidity pool that has been swept (I have marked it with a yellow circle). Now there is another liquidity pool at the bottom of the chart that price is trying to sweep.
We have a good support zone which is the rebuy zone.
The targets are clear on the chart
Closing a 4-hour candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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ONDOUSD
Is ONDO bullish?ONDO seems to be forming a diametric which is now in wave "C" of this diametric.
Wave "C" itself seems to be a diametric we are now in wave "d of C".
From the green area, we expect the "e of C" wave to hit and move towards the targets.
Closing a daily candle below the "invalidation level" will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ONDO target 4h time frame
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ONDO is consolidating since hitting 0.47, but does not make apparent trend of continuation structure, only show a potential rising wedge. ONDO is just retesting the support from uptrend, that is an opportunity to open long here; however, considering the resistance from potential wedge, need to be careful of 0.488. Also, because ONDO has high potential in next bull run, I provide second plan to enter ONDO if the first one got SL.
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1st plan
TP: 0.53
SL: 0.378
2nd plan
entry: 0.35~0.36
TP: 0.53
SL: 0.33