That was an easy one. follow for more less risky trades :)
EagleEye Economics
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๐จ ONDO Price Action Alert: Key Levels to Watch! ๐จ
The 4H chart for ONDO/USDT reveals a critical setup as price tests multiple resistance and support levels. Traders, this could dictate the next big moveโstay sharp! Here's what you need to know:
๐ Key Observations: Current Price Zone: $1.8497, trading near the Monthly VAH ($1.8465) and showing signs of consolidation.
Resistance Levels:
ATH (All-Time High): $1.9535 remains the ultimate target above. Monthly VAH: $1.8465 is pivotal; a breakout here signals bullish momentum. Local Resistance: $1.8015, marking recent failed attempts to sustain upward momentum. Support Levels:
Weekly TWAP: $1.6848 acts as a key dynamic support, maintaining bullish structure. Major Support Zone: $1.7705โif lost, further downside becomes likely. Volume Profile: Dense buying interest around $1.60-$1.70 region suggests strong support.
๐ What to Watch Next: A breakout above $1.85-$1.90 could push ONDO toward $1.95 ATH or beyond. Failure to hold $1.77 opens a revisit to the weekly TWAP near $1.68, risking further bearish momentu
๐ก Pro Tip: Set tight stop-loss levels and monitor volume spikesโthese will confirm breakout or breakdown scenarios.
๐ Whatโs your take on ONDO? Drop your analysis or questions below, and donโt forget to tip, share, or like for more timely updates! ๐
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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