I'm going to start the day with an extremely interesting review! Please love and applaud -
#ONDO 👀
"In the course of careful analysis, decided to look at the global picture of the movement. The coin is quite fresh, there is not much history on the chart, but this will not prevent us from making the maximum profit from a timely purchase of the asset."
I think you have already guessed that the main emphasis will be on long trades with the help of pending orders.
So, let's understand where? and when? we should start investing! 💰 - After making a global high ($1.4846), ONDO started a correction, which took the form of a rectangular triangle. Most of the time the price moved along its upper boundary, which it could not overcome... but the lower boundary has been broken more than 3 times already ⬇️
In the current situation there is a weakness of bulls, so we need to closely follow the reaction from the medium-term support zone ($0.5012-$0.5805).
🔵In case the price manages to make a breakout, I will wait for a descent to a more global zone at $0.3727-$0.4417 and start buying from there.
🔵In case the reaction will be received from the 1st area, it is necessary to wait for a clear break of the trend on the lower TF and only after that to enter into long trades.
Complementing the probability of a fall: the "Double Top" technical pattern, after which the price often demonstrates a strong shedding. The 0.5 ($0.4347) - 0.618 ($0.3250) Fibonacci levels also play a significant role in holding the coin.
