Ondo (ONDO): Expecting a Similar Reversal To Happen | Bullish

421
After a strong neckline breakdown, we’ve been seeing clear downside pressure, which is a normal reaction after that kind of breakdown.

What we are looking for now is a proper reversal to form on the 4H timeframe. Once we get that confirmation in the form of an MSB + BOS, we would be targeting that neckline again, which will be acting as resistance in this case.

Swallow Academy
Trade closed: stop reached
snapshot

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.