Attention long ONDO positions! The current price pattern is already in a contracting triangle at the top. Once the price breaks through the key support level of 1.09, it may open a new downward channel. Technical analysis shows that there is a tendency for the short side to increase. If the market continues to fluctuate downward, the probability of ONDO's downward breakdown will increase significantly.

The bullish highs are gradually lowered, and the five-wave rise has been completed at the top. Now is not the time to fight hard, but to carefully control risks and reduce positions in a timely manner. Position control is the key to protecting assets. Don't wait until the trend is clear and then regret it.

In a volatile market, stay calm and adjust strategies in a timely manner to avoid risks. The future trend of ONDO needs to be paid close attention to. How can we see a rainbow without going through wind and rain?