$ONDO Long Liquidation Overview
The long liquidation of $9,160.4 occurred at a price of $1.64854, indicating that some traders' long positions were closed due to market movement. This typically happens when the price dips below their liquidation level or stop-loss.
Analysis and Next Steps.
1. Current Situation:
The price has shown volatility around $1.64854.
This could indicate a correction or potential continuation of a downtrend.
2. Key Levels for $ONDO:
Buy Zone: $1.580 - $1.640
(Wait for a retest or strong bounce from these levels before entering).
Target Levels.
Short-Term: $1.700
Mid-Term: $1.750
Long-Term: $1.800
Stop-Loss: $1.550
(Place a stop-loss below this level to minimize risk).
Strategy.
Entry: Accumulate in the buy zone when the price shows bullish confirmation, such as higher volume or green candles.
Risk Management: Always use a stop-loss to protect against further downward moves.
Take Profit: Gradually book profits at the target levels.
Additional Notes.
Monitor $ONDO for any changes in market sentiment or sudden news.
Watch broader market trends, as crypto movements often align with Bitcoin's performance.
Let me know if you need further details or updates.
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