ONDOUSDT SPOT
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#ONDOUSDT — Descending Wedge & High R/R Zone

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#ONDO

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

A key support zone (in green) has been identified at 0.3150. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.3512
First Target: 0.3563
Second Target: 0.3655
Third Target: 0.3778

You can close at the second target or wait for the third target. The choice is yours.
Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
أغلقت الصفقة: تم الوصول للهدف
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#ONDO

First Target: 0.3563
Second Target: 0.3655
Third Target: 0.3778
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