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.

There is a key support zone in green at 0.3461. 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: 0.3690
Target 1: 0.3765
Target 2: 0.3869
Target 3: 0.3989

Stop Loss: At the resistance zone in green

Remember this simple rule: Money management.

Any questions? Please leave a comment.

Thank you.
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Target 1: 0.3765 Reached
Target 2: 0.3869 Reached

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.