$ONDO Market Analysis

A significant $21.15K long liquidation hit $ONDO at $1.32842, signaling a strong shakeout. When liquidations occur, they often clear the way for the next big move. Here's how you can approach this setup:

Buy Zone

$1.25 - $1.30: This range is a potential accumulation zone, where smart money could step in. Watch closely for signs of strength, such as higher lows or a bounce with volume.

Targets

Target 1: $1.45 - Short-term resistance zone. Expect a test if the buying momentum picks up.

Target 2: $1.60 - A key psychological level and potential breakout area.

Target 3: $1.75 - This is the extended target if bullish momentum is strong.

Stop Loss

Place your stop loss at $1.22. If the price breaks below this level, it could indicate further downside.

What’s Next?

1. Monitor Volume: Watch for high volume around $1.30, as this could confirm the buy zone is valid.

2. Stay Patient: The market may test lower levels before reversing. Don’t rush—look for confirmation.

3. Track Momentum: If the price clears $1.45 with strength, it may head toward $1.60 quickly.

Pro Tip: Always stick to your plan. Use proper risk management, and don’t chase the price if it breaks out before entering your buy zone.

This is not financial advice—trade wisely.

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