ONDO recently posted a 13%+ rally, showing strong bullish momentum. However, the price faced resistance and is now pulling back, likely heading toward a key support zone between $0.85 and $0.78. This level has historically acted as a solid base, and we’re watching for signs of a bullish reversal there.
📉 Retracement Expected
The current rejection suggests a healthy correction. A controlled move back into the support range could offer a high-probability long setup—if buyers step in and price action confirms.
📈 Trade Setup (Spot Long):
• Entry Zone: $0.85 – $0.78
• Targets:
🥇 TP1: $1.13 – $1.32
🥈 TP2: $1.64 – $2.00
• Stop Loss: Daily close below $0.75
📉 Retracement Expected
The current rejection suggests a healthy correction. A controlled move back into the support range could offer a high-probability long setup—if buyers step in and price action confirms.
📈 Trade Setup (Spot Long):
• Entry Zone: $0.85 – $0.78
• Targets:
🥇 TP1: $1.13 – $1.32
🥈 TP2: $1.64 – $2.00
• Stop Loss: Daily close below $0.75
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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.
Related publications
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.