$ONDO Here’s an organic and unique analysis of $ONDO based on the recent short liquidation data at $1.7214, with details for Buy Zone, Targets, and Stop-Loss levels:
$ONDO Analysis After Short Liquidation.
Market Update:
Short Liquidation Triggered: $5.1446K worth of $ONDO was liquidated at $1.7214.
This indicates sellers were forced to close positions, hinting at a possible upward movement as buying pressure increased.
What’s Next for $ONDO.
Buy Zone.
Ideal Buy Zone: Between $1.68 and $1.72.
The price may retest these levels before showing a strong trend, making this a good entry point.
Watch for volume spikes at this level to confirm strength.
Targets (Take-Profit Levels)
1. Target 1 (Short-Term): $1.85
Minor resistance level, suitable for quick gains.
2. Target 2 (Mid-Term): $2.00
A psychological resistance level, strong potential if bullish momentum continues.
3. Target 3 (Long-Term): $2.20
Requires sustained market strength and positive sentiment.
Stop-Loss.
Place Stop-Loss at $1.62.
If the price drops below this, it signals weakening support and could lead to further downside.
Key Indicators to Watch.
1. Volume: Rising volume at $1.68–$1.72 confirms buyer interest.
2. RSI (Relative Strength Index): Check if RSI remains below 70 but above 40 for healthy upward momentum.
3. News and Updates: Keep track of updates regarding $ONDO to ensure no negative developments affect the trend.
Risk Warning.
Always trade with caution and avoid over-leveraging.
Use proper risk management, as crypto markets can be highly volatile.
By following this simple plan, you can navigate $ONDO with a clearer strategy.
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