$ONDO
#ONDO/USDT On the ONDO chart, we can observe that a long shadow has been completely filled, behaving similarly to a gap. This area represents a zone where trading activity was historically low, meaning that very few transactions took place here initially. For the market to move through this zone, a significant amount of volume needed to be exchanged, and that has now occurred.
Moreover, it appears that a time-intensive symmetrical structure has recently completed. Given the nature of this structure, we can anticipate a meaningful reversal in the opposite direction once the market reacts to it. It’s important to keep in mind that the market has already undergone a substantial correction to reach these levels, which makes these zones highly significant. Proper utilization of these areas in the correct direction can increase the probability of a successful trade.
The green zone marked on the chart represents our key buy area. After a potential pullback to this zone, we should actively look for buy or long positions. This approach aligns with the market structure and the volume dynamics observed, providing a high-probability setup for traders who follow the price action closely.
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This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
Trade active
Ultimately, after tapping the demand zone, it pumped over 36%.
It’s true that we still haven’t reached the first target and we are getting close to it, but taking some partial profits around this area would be reasonable.
Trade closed: target reached
Eventually, after hitting the highlighted green zone, it pumped more than 103% and went straight to the moon
#ARMABillIntroducedWith20YrLockup
BitcoinETFsShed$1.26BInSixDays
#SuiGaslessStablecoinTransfers