ONDO IS STARTING TO LOOK TOO BULLISH. THAT’S USUALLY WHEN TRAPS APPEAR. ⚠️
ONDO trading near 0.444 after recovering strongly from 0.378. Price reclaimed MA7 and MA25 while MA99 still trends below the structure.
Most traders are focused on upside targets, but $ONDO still hasn’t reclaimed the 0.475 high.
If price pushes too quickly into 0.452 to 0.475 without volume, breakout traders could get trapped before the next real move.
Key levels:
0.452 breakout trigger
0.475 major resistance
0.430 support
0.378 invalidation zone
As long as 0.430 holds, bulls stay in control. If it breaks, momentum changes fast. 📉
I’m not chasing candles here. I’d rather wait for confirmation above 0.475.
The setup is clean right now but it won’t stay that way.
LONG SHORT or WAIT?
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