$ONDO Just two hours after the morning post was posted, BTC fell sharply again. The decline of BTC was greater than that of yesterday afternoon, causing Ondo to fall below 0.81. However, the amount of pins inserted between the two times was significantly weakened and the decline was reduced, revealing that the profit margin was basically Outgoing information.
At present, the support is strong near 0.78. If there is a next wave of Bitcoin's sharp decline, based on my understanding of this currency, it is very likely that the pin will fall below in the short term, and the pending order point can be in the range of 0.76-0.79.
Bitcoin has made a sharp correction, and the one-time contract can continue to be held to cover positions on dips. The high-time contract implements strict stop losses and reduces positions on highs. The market needs time to digest the panic of the correction, and there is a high probability that Ondo will rebound and adjust sideways in the near future.
For the long term, factors such as sector narrative, project advancement, and potential benefits can continue to hold and remain bullish.
The previous few posts have been focusing on the market situation of ondo. Those who are interested in ondo can pay attention to the exchange. We will continue to update other currencies in the future. For the time being, we will focus on ondo.
This post is for daily sharing only and does not serve as any investment advice. #Ondo #RWA赛道 #polyx