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ONDO - Is the Next Bullish Impulse Beginning?

ONDO has just broken above the falling wedge pattern that had been defining its correction phase, signaling that bearish pressure may be fading. 📈

The recent breakout suggests the correction could be coming to an end, with buyers attempting to regain control.

📌 As long as ONDO remains above the broken wedge, we will be expecting the next bullish impulse to begin, potentially continuing the broader uptrend established after the previous impulsive rally.

As always, rather than chasing the breakout, we will wait for bullish confirmation before considering any long positions.

Will this breakout mark the start of the next impulsive leg higher? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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