$ONDO USDT market is currently showing weak #trend with slight bearish pressure �
CoinMarketCap +1
Step 1 trend analysis
Price is moving inside a sideways channel with no strong breakout
Market structure is weak and still under resistance
moving average view
Price is trading below major moving averages which indicates bearish trend
Need strong breakout above resistance to confirm reversal �
CoinMarketCap
#RSI analysis
RSI is near neutral zone around 44 showing no strong momentum
Market can move both sides but bias is slightly bearish �
CoinCodex
#support and resistance
Support zone 0.248 and 0.239
Resistance zone 0.268 and 0.279 �
CoinCodex
#volume analysis
Volume is not strong enough for breakout
Low momentum confirms consolidation phase
#trade setup
Buy above 0.270 for bullish confirmation
Sell below 0.245 for bearish continuation
Take Profit
TP1 0.280
TP2 0.300
TP3 0.320
Stop Loss
0.235
Overall market is weak and sideways wait for breakout confirmation before entering trade
