$ONDO
Technical Overview
1. Current Price: 1.1936 (+2.54%)
2. Moving Averages:
MA(7): 1.1938 (very close to the price, acting as resistance)
MA(25): 1.2084 (above the price, indicating short-term resistance)
MA(99): 1.1660 (below the price, providing support)
3. RSI(6): 44.41 (neutral zone, neither overbought nor oversold)
4. MACD:
DIF: 0.0002
DEA: 0.0029
Histogram: -0.0028 (bearish divergence, signaling caution)
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Pattern Check
No Strong Pattern Detected Yet: The chart lacks clear confirmation of key patterns like triangles or flags, but price movement between MA(7) and MA(99) indicates potential range trading.
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Recommendations
For Both Long and Short Positions
1. Long Entry:
Entry: 1.1750
Stop-Loss: 1.1600
Take-Profit 1: 1.2050
Take-Profit 2: 1.2200
Trade Duration: Intraday or Scalping (based on confirmation at lower timeframes)
2. Short Entry:
Entry: 1.2100
Stop-Loss: 1.2300
Take-Profit 1: 1.1800
Take-Profit 2: 1.1650
Trade Duration: Intraday or Scalping
Scalping Strategy
Entry Points:
Long: 1.1800
Short: 1.2050
Exit Points:
TP (Long): 1.2000
TP (Short): 1.1850
Stop-Loss:
Long: 1.1750
Short: 1.2100
Duration: 5-15 minutes per trade
Intraday Strategy
Long Position:
Entry: 1.1750
TP1: 1.1950
TP2: 1.2150
SL: 1.1600
Short Position:
Entry: 1.2100
TP1: 1.1850
TP2: 1.1650
SL: 1.2200
Duration: 4-12 hours
Long-Term Strategy
Long Entry:
Entry: 1.1500 (strong support near MA(99))
TP1: 1.2500
TP2: 1.3000
SL: 1.1000
Duration: 2-4 weeks
Short Entry:
Entry: 1.2500
TP1: 1.1800
TP2: 1.1500
SL: 1.2700
Duration: 2-4 weeks
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Risk Management
Allocate 1-2% of total capital per trade.
Use trailing stops to lock in profits during volatile moves.
Diversify positions across different assets to reduce dependency on ONDOUSDT.
Avoid over-leveraging; a leverage ratio of 1:10 is optimal for risk control.
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If Signals Turn Against You
Immediately exit at Stop-Loss levels.
If SL is breached due to slippage, reduce trade size to prevent further losses.
Use hedging strategies to offset losses.
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Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risks, and you may lose more than your initial investment. Always do your research before entering trades.
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Final Opinion
The current price action suggests a neutral-to-bearish sentiment in the short term. Wait for clear confirmation signals for either a breakout above 1.2100 (bullish) or a breakdown below 1.1750 (bearish).
For scalpers, opportunities exist in the 1.1800-1.2000 range. Use strict SL to minimize risks.
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