ONDO/USD : Buy Zone for Bullish Continuation
#ondousdt #ONDO #ONDO/USDT #Write2Earn! #BinanceSquareFamily Instrument Overview :
Pair : ONDO/USDT (Coinbase)
Time Frame : Daily (1D)
Trend : Strong uptrend with bullish structure confirmed (Higher Highs and Higher Lows).
Key Levels :
Resistance : 1.949 (Premium Zone, Previous Day’s High).
Support : 1.113 (Discount Zone, Fibonacci 0.618 retracement).
Technical Analysis :
Break of Structure (BoS) : Indicates institutional buying pressure.
Liquidity Pools : Buy-side liquidity above 1.949 and sell-side liquidity below 1.113.
Change of Character (ChoCh) : Bullish as price broke significant swing highs.
Action Plan :
Entry Zone : Pullback to 1.275–1.113 (Discount Zone).
Confirmation : Enter on bullish rejection or lower-timeframe break of structure.
Targets :
TP1 : 1.949 (Premium Zone).
TP2 : 2.315 (-0.272 Fibonacci extension).
Stop Loss : Below 1.113 or swing low for risk protection.
Alternative Play :
If price breaks above 1.949 with momentum, consider a breakout trade with tight SL.
Pro Tip :
Use lower timeframes (e.g., 1H) for precision entries and risk management. Patience is crucial for optimal entries in bullish continuation setups.
Conclusion : ONDO/USDT presents a high-probability buy setup, aligning with institutional order flow. A disciplined approach can maximize potential profits while minimizing risks.