Trade Setup: ONDO Long Position
Market Context:
ONDO has historically performed well with the backing of BlackRock in the RWA space.
Recent price decline opens a potentially great buying opportunity for the long term.
Buyers are defending the current price, but further weakness could see a retest of range low support.
Trade Parameters:
Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction.
Take Profit:
First target: $0.73
Second target: $0.99
Third target: $1.49
Stop Loss: Set at a daily close under $0.38.
Additional Notes:
Monitor for signs of bullish volatility to confirm the entry zone.
Look for clearing of long liquidity and higher conviction on a retest of the lows.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#ONDO #TradingStrategy #CryptoTrading 🎯
ONDO has historically performed well with the backing of BlackRock in the RWA space.
Recent price decline opens a potentially great buying opportunity for the long term.
Buyers are defending the current price, but further weakness could see a retest of range low support.
Trade Parameters:
Entry: Buy in the range of $0.44 to $0.56, ideally observing for a sweep of the lows and a reclaim for higher conviction.
Take Profit:
First target: $0.73
Second target: $0.99
Third target: $1.49
Stop Loss: Set at a daily close under $0.38.
Additional Notes:
Monitor for signs of bullish volatility to confirm the entry zone.
Look for clearing of long liquidity and higher conviction on a retest of the lows.
Adjust your strategy if market conditions change or if significant bearish news impacts the price.
#ONDO #TradingStrategy #CryptoTrading 🎯
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