"Behind the plunge of Ondo and People: The opportunity to buy the bottom is coming, and the C wave correction breeds new opportunities!"
Recently, the two popular currencies Ondo and People in the digital currency market have experienced an unprecedented plunge, and investors have fallen into panic. However, behind this wave of plunge, there is actually an excellent opportunity to buy the bottom. According to the in-depth interpretation of market analysts, the current market correction is actually the C wave decline in the Elliott Wave Theory, which often indicates that the market is about to usher in a new rising cycle.
Previously, we entered the market at the price of Ondo 1.2 and People 0.1, seizing the opportunity of the B wave rebound. Ondo once rebounded to 1.4, and People also rose to a high of 0.14. However, as we expected, the market did not stop there, but continued to explore and entered the C wave correction stage.
According to the current market trend, Ondo is expected to find support around 1.05, while People may stabilize in the range of 0.085 to 0.09. This correction is roughly between 30-40%, which is in line with the expectations of the Elliott Wave Theory. Prior to this, we have conducted an in-depth analysis of the Elliott model of these two major currencies, providing investors with clear operational guidance.
It is worth noting that although the current market is in a correction phase, the opportunity to buy at the bottom has already arrived. Investors do not need to panic too much, but should seize this rare opportunity. When buying at the bottom, it is recommended that investors focus on spot and use up to 2 times leverage. This can not only reduce risks, but also ensure that they can obtain considerable returns in the next wave of rise.
Of course, buying at the bottom does not mean that the market will rebound immediately. According to historical experience, the market often takes a period of time to absorb funds and sort out. Therefore, investors should remain patient and wait for further performance of the market. At the same time, they should also pay close attention to market dynamics so as to increase or reduce positions at the right time.
In short, although the plunge in Ondo and People is worrying, it also breeds new opportunities. Investors should seize this rare opportunity to buy at the bottom and meet the challenges of the market with a steady mentality. At the same time, they should continue to learn and summarize lessons learned to improve their investment level.