⚡ $ONDO Long Liquidation Alert! ⚡
A hefty $8.0787K in long positions has been liquidated at $1.81254, signaling intense selling pressure. The bulls are retreating, and the bears might be taking over—prepare for high volatility ahead. This could open doors for both bounce plays and potential downside opportunities.
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What’s Next for $ONDO?
Here’s your trading plan for navigating this setup:
Buy Zone:
Look to accumulate near $1.780 - $1.820, where the price could stabilize after the liquidation.
Target Levels:
1. Short-term Target: $1.850
2. Mid-term Target: $1.900
3. Long-term Target: $1.970
Stop-Loss:
Place a stop-loss at $1.750 to protect against further downside risk.
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Key Insights:
1. Liquidation Effect: This long liquidation signals trapped buyers exiting, which often leads to a temporary price dip or a chance for a bounce.
2. Volume Check: Monitor trading activity in the buy zone—strong volume could confirm a potential reversal.
3. Bearish Risk: If $ONDO breaks below $1.750, it may signal further downside, so stay disciplined with your stop-loss.
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🎯 Pro Tip: Wait for clear signs of reversal (like higher lows) before entering a long position. Always stick to your targets and manage your risks carefully.
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💬 Need help tracking $ONDO or want more updates? Let me know, and I’ll guide you through this wild ride! Let’s trade smart!
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