ONDO target $2.654h time frame
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Entry: $1.1
TP: $2.65
SL: $0.897
RR: 7.64
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(1) ONDO is building a continuation structure with a triangle pattern.
(2) Triangle bottom is around $1.1, which is our entry opportunity.
(3) Fibonacci provides first target at $2.65 and final target at $3.7
(4) Stop loss once going below $0.897
Ondousdtidea
ONDO/USDT: Wave 5 Elliot Wave, Long Opportunity📈 KUCOIN:ONDOUSDT
Greetings, traders!
On the 2-hour chart of ONDO/USDT, the fifth wave of an Elliott Wave uptrend appears to be forming, presenting a potential long trade opportunity.
I've identified a potential entry point above $1.4400, with the following targets:
Target 1: $1.6200
Target 2: $1.7000
My stop-loss would be placed in the range of $1.3000 to $1.3200.
Disclaimer: This is not financial advice. Trade at your own risk.
ONDOUSDT Is This the Beginning of a Parabolic Run?
BYBIT:ONDOUSDT has demonstrated impressive strength following a decisive breakout above the $1.5 resistance level. Notably, the recent market-wide dump had minimal impact on BINANCE:ONDOUSDT.P , with the previous resistance level now acting as robust support. This resilience, coupled with strong trading volume, suggests underlying bullish momentum.
Traders are now eyeing a potential parabolic move towards the $4 target. However, it is crucial to exercise prudent risk management. Implement a strict stop-loss order below the recent swing low to protect profits and mitigate potential losses.
BITGET:ONDOUSDT Currently trading at $1.68
Buy level: Above $1.5
Stop loss: Below $1.175
Target : $4
Max Leverage 3x
Always keep Stop loss
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