ONDOUSDT at a Critical Fibonacci Zone! Will Move Toward $2+?ONDOUSDT is currently trading at a critical technical zone — the Fibonacci Retracement Golden Pocket (0.5–0.618) — following a significant upward rally. Historically, this zone often acts as a high-probability reversal area, or at the very least, a zone for major consolidation before the next big move.
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🧠 Market Structure & Price Action
After reaching a local high near $1.17, price retraced and is now approaching the key support zone between $0.9435 (Fib 0.5) and $0.8951 (Fib 0.618).
This zone also coincides with a previous strong resistance, which could now act as new support (role reversal).
Current price action shows selling pressure, but there is no confirmed breakdown from the Golden Pocket yet.
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🧩 Pattern Recognition & Key Levels
Potential Reversal Pattern: Look for a bullish falling wedge or descending channel on lower timeframes as a signal for reversal.
Demand Zone (Yellow Box): The zone between $0.8951–$0.9435 is reinforced by horizontal price structure support.
Layered Resistance Levels:
$1.1768 → Recent swing high
$1.3170 → Mid-range resistance
$1.5973 → Psychological and retracement target
$2.0412 → Range top / full recovery zone
Minor Support: If the Golden Pocket fails, potential downside targets include $0.70 and the major low at $0.5806.
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📈 Bullish Scenario
✅ Strong bounce from the Golden Pocket
✅ Bullish candlestick confirmation (e.g., bullish engulfing or pin bar)
✅ Rising volume showing buyer presence
✅ Break above $1.1768 would signal continuation toward:
🎯 Target 1: $1.3170
🎯 Target 2: $1.5973
🎯 Target 3: $2.0412 (full structural recovery)
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📉 Bearish Scenario
❌ If price breaks below $0.8951 with a strong bearish candle and high volume:
The structure shifts bearish, increasing risk of a drop to $0.70 – $0.62
Worst-case scenario: retest of $0.5806, the major bottom
Bullish structure invalidated upon confirmed breakdown
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🎯 Strategy & Takeaway
ONDOUSDT is currently in a "make or break" zone. The Golden Pocket between $0.895–$0.943 could either:
Act as a springboard for the next bullish leg,
Or fail, triggering a deeper correction.
Traders should wait for confirmation via:
Candlestick patterns
Volume breakout/inflow
Break above or below the key structure
This area offers a high-reward, controlled-risk setup for swing traders, with invalidation just below the Golden Pocket.
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📌 Summary of Key Levels
Level Description
$0.9435 Fibonacci 0.5 (support)
$0.8951 Fibonacci 0.618 (Golden Pocket)
$1.1768 Minor resistance
$1.3170 Mid-level resistance
$1.5973 Bullish target
$2.0412 Major resistance / recovery top
$0.5806 Extreme support (macro low)
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