$ONT Short Liquidation: $5.094K at $1.9774!

Details:

Liquidation Type: Short Position

Amount Liquidated: $5.094K

Liquidation Price: $1.9774

What Happened?

ONDO's price surged unexpectedly, catching short traders off guard.

The upward pressure forced liquidations as sellers couldn't maintain their positions.

What’s Next?

1. Key Levels to Watch:

Resistance Zone: $2.05 – If broken, the rally may continue.

Support Zone: $1.90 – A dip could attract buyers.

2. Market Sentiment:

Trend: ONDO is showing bullish momentum.

Potential Moves: Buyers may push prices higher, but expect resistance near key levels.

3. Trader Strategies:

For Bulls: Look for breakouts above $2.00 with strong volume.

For Bears: Wait for price exhaustion before re-entering shorts cautiously.

Conclusion: This liquidation underscores ONDO’s recent volatility.

Stay alert to price action and volume spikes to navigate the next move effectively!

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