Pay attention to $ONDO

At present, the one-hour cycle may come out of an M-top short candlestick pattern. The initial waistline support also resonates with the 0.382 retracement position of Fibonacci, so 1.0631 can be used as the first support, that is, the first short position to stop profit.

In terms of indicators, MACD also cooperated to give a second dead cross, which is further verified. However, the current indicator is still above the zero axis, which means that there is still a certain amount of bullish power remaining.

So we are conservative. Even if it breaks 0.382, we will not look at 0.618. It is enough to refer to 0.5 of 1.0337 as the second target.