Katsu on the Command Bridge. ONDO is on the radar.
On the ONDO 4H chart, we are seeing a very interesting and, so far, almost textbook situation. Price moved strongly after a news catalyst, broke out of the previous structure with momentum, and reached the upper resistance zones. The problem is that news alone is often enough to start a move, but not always enough to sustain it.
And that is exactly what we are seeing now.
After the pump, price corrected back to the 61.8% Fibonacci zone, which is often a major decision area. This is where we find out whether there was real buying strength behind the move, or whether it was just a fast news-driven spike that the market is now giving back.
Right now, we are around the 0.343 area, which is an important reaction zone.
Not a bad place, but also not a place where I would blindly try to be a hero.
What Do I See on the Chart?
The zones are clearly marked on the chart:
After the news-driven move, price is now retesting an important area. This can still be a healthy correction, but only if buyers actually show up.
The black path is, in my opinion, a very realistic scenario:
Right now, it is not enough to say bullish or bearish.
The real question is, will there be enough buyers to defend this move, or was that all?
Important Zones
Resistance
Support
The current price is exactly in the kind of area where a good setup can form, but it can just as easily become a trap.
The zone itself is not an entry, the zone is only a radar signal. After the news pump, we got a strong impulse to the upside. At first, that looks bullish. But the continuation was not convincing. Not convincing at all.
Price could not hold the upper area and quickly came back to the correction levels.
This means the market is now testing:
If the 0.343–0.3319 area can hold price, then there is still a chance for another upside attempt. But if this zone fails, I think price could easily return toward 0.3210, then 0.3133–0.3048.
LONG Plan - Bullish OB Defense
On the long side, the most interesting area right now is the 0.3434–0.3319 zone.
This area matters because several things meet here:
Long Conditions
I would only look for a long if:
In simple terms: bullish OB -> sweep -> bullish reaction -> ChoCh -> retest -> long
These are only ideas. Not all of them have to happen perfectly, but they can give useful guidance.
Possible Long Plan
If price also reclaims the 0.3733 area with strength, then the next larger target zone could be the upper bearish OB around 0.4017. But that would require much stronger buying power. Not this shooting a slingshot at an ostrich kind of strength. A small bounce is not enough.
SHORT Plan — Bearish OB Rejection
On the short side, there are two interesting possibilities. The first one is the closer, more aggressive version, the second one is the cleaner and safer version.
Short Setup 1 - After a Weak Bounce
This comes into play if price now corrects slightly upward from here, but already starts weakening inside the 0.3513–0.3649 zone. That would suggest buyers are unable to push price back into the upper area, and the momentum from the news pump has faded.
Short Conditions
What I want to see:
In simple terms: weak bounce -> bearish OB -> rejection -> bearish ChoCh -> short
Possible Short Plan
Short Setup 2 — From the 0.3733 Resistance
This would be the cleaner short, but price would first need to be pushed higher. If ONDO reaches the resistance around 0.3733, but cannot hold above it, this could become a very nice bearish reaction zone.
Short Conditions
Possible Short Plan
What Am I Watching Closely Now?
In the current situation, the main thing to watch is whether the 0.343–0.3319 zone can hold price. If yes, the first part of the black path may work, and we could see another upside attempt toward 0.3513, then 0.3649–0.3733.
If not, the news pump can easily fade, and price may return to the deeper green OB zones.
Not financial advice.The raccoon was simply thinking out loud about ONDO today.
On the ONDO 4H chart, we are seeing a very interesting and, so far, almost textbook situation. Price moved strongly after a news catalyst, broke out of the previous structure with momentum, and reached the upper resistance zones. The problem is that news alone is often enough to start a move, but not always enough to sustain it.
And that is exactly what we are seeing now.
After the pump, price corrected back to the 61.8% Fibonacci zone, which is often a major decision area. This is where we find out whether there was real buying strength behind the move, or whether it was just a fast news-driven spike that the market is now giving back.
Right now, we are around the 0.343 area, which is an important reaction zone.
Not a bad place, but also not a place where I would blindly try to be a hero.
What Do I See on the Chart?
The zones are clearly marked on the chart:
- Blue levels = important support / resistance levels
- Red zones = bearish Order Blocks
- Green zones = bullish Order Blocks
After the news-driven move, price is now retesting an important area. This can still be a healthy correction, but only if buyers actually show up.
The black path is, in my opinion, a very realistic scenario:
- price is now trying to stabilize around the 61.8% Fibonacci area,
- if enough long entries come in, buyers may push price back toward 0.3513, then 0.3649–0.3733,
- but if the buy side remains weak, then after a small upside attempt, price may simply drift back toward the area where the whole news pump started.
Right now, it is not enough to say bullish or bearish.
The real question is, will there be enough buyers to defend this move, or was that all?
Important Zones
Resistance
- 0.3513 - nearby resistance
- 0.3649 - bearish Order Block, important decision zone
- 0.3733 - stronger resistance; price could be pushed back here if enough buyers appear
- 0.4017 - upper major bearish Order Block / stronger supply zone
Support
- 0.3434 - current reaction zone, around the 61.8% Fibonacci area
- 0.3319 - nearby bullish Order Block
- 0.3210 - deeper bullish Order Block
- 0.3133 - last more serious bullish OB
- 0.3048 - deeper blue support, closer to where the news move started
The current price is exactly in the kind of area where a good setup can form, but it can just as easily become a trap.
The zone itself is not an entry, the zone is only a radar signal. After the news pump, we got a strong impulse to the upside. At first, that looks bullish. But the continuation was not convincing. Not convincing at all.
Price could not hold the upper area and quickly came back to the correction levels.
This means the market is now testing:
- whether there was real buying strength behind the move,
- or whether we only saw a quick news reaction.
If the 0.343–0.3319 area can hold price, then there is still a chance for another upside attempt. But if this zone fails, I think price could easily return toward 0.3210, then 0.3133–0.3048.
LONG Plan - Bullish OB Defense
On the long side, the most interesting area right now is the 0.3434–0.3319 zone.
This area matters because several things meet here:
- the 61.8% Fibonacci retracement,
- the current reaction zone,
- a nearby bullish Order Block,
- and the first serious retest after the news-driven move.
Long Conditions
I would only look for a long if:
- price moves into the 0.3434–0.3319 zone,
- it does not collapse there,
- it wicks below or sweeps local liquidity,
- a strong rejection candle appears,
- bullish ChoCh forms on the lower timeframe,
- then price holds after the retest.
In simple terms: bullish OB -> sweep -> bullish reaction -> ChoCh -> retest -> long
These are only ideas. Not all of them have to happen perfectly, but they can give useful guidance.
Possible Long Plan
- Entry: 0.343–0.334, after confirmation
- Stop Loss: aggressively below 0.329, more safely below 0.321
- TP1: 0.3513
- TP2: 0.3649
- TP3: 0.3733
If price also reclaims the 0.3733 area with strength, then the next larger target zone could be the upper bearish OB around 0.4017. But that would require much stronger buying power. Not this shooting a slingshot at an ostrich kind of strength. A small bounce is not enough.
SHORT Plan — Bearish OB Rejection
On the short side, there are two interesting possibilities. The first one is the closer, more aggressive version, the second one is the cleaner and safer version.
Short Setup 1 - After a Weak Bounce
This comes into play if price now corrects slightly upward from here, but already starts weakening inside the 0.3513–0.3649 zone. That would suggest buyers are unable to push price back into the upper area, and the momentum from the news pump has faded.
Short Conditions
What I want to see:
- price bounces into the 0.3513–0.3649 area,
- momentum slows down there,
- a rejection wick appears,
- bearish ChoCh forms on the lower timeframe,
- price falls back below 0.3434,
- and then fails to reclaim it on the retest.
In simple terms: weak bounce -> bearish OB -> rejection -> bearish ChoCh -> short
Possible Short Plan
- Entry: 0.351–0.365, after confirmation
- Stop Loss: above 0.374
- TP1: 0.3434
- TP2: 0.3319
- TP3: 0.3210
- Deeper target: 0.3133–0.3048
Short Setup 2 — From the 0.3733 Resistance
This would be the cleaner short, but price would first need to be pushed higher. If ONDO reaches the resistance around 0.3733, but cannot hold above it, this could become a very nice bearish reaction zone.
Short Conditions
- price reaches the 0.3733 area,
- it wicks above or sweeps liquidity,
- it cannot give a 4H close above it,
- bearish SFP / ChoCh appears on the lower timeframe (I know, I know, SFP is usually not something we mainly watch on very low timeframes, but today we do :))) )
- price remains weak on the retest.
Possible Short Plan
- Entry: 0.369–0.374, after rejection
- Stop Loss: above 0.382
- TP1: 0.3513
- TP2: 0.3434
- TP3: 0.3319
- Deeper target: 0.3210–0.3048
What Am I Watching Closely Now?
In the current situation, the main thing to watch is whether the 0.343–0.3319 zone can hold price. If yes, the first part of the black path may work, and we could see another upside attempt toward 0.3513, then 0.3649–0.3733.
If not, the news pump can easily fade, and price may return to the deeper green OB zones.
Not financial advice.The raccoon was simply thinking out loud about ONDO today.
Magyar Discord Szerver. Oktatás, elemzés, scriptek mind egy helyen -> itt minden infót megtalálsz -> trackmirror.eu
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Magyar Discord Szerver. Oktatás, elemzés, scriptek mind egy helyen -> itt minden infót megtalálsz -> trackmirror.eu
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.