🔥 ONDOUSDT | Short-Term Market Update 📊

$ONDO has seen a strong sell-off, followed by sideways consolidation near the lows. Price is currently base-building, which often acts as a decision zone before the next impulsive move 👀

ONDO

0.4108

-2.74%

ONDOUSDT

Perp

0.4102

-2.88%

📌 Bullish Scenario (Buy Setup)

If price shows strength and reclaims resistance:

✅ Entry Zone:

0.408 – 0.412

(Break & hold above the minor consolidation range)

🛑 Stop Loss (SL):

❌ 0.398

(Below recent swing low & demand zone)

🎯 Take Profit (TP):

🥇 TP1: 0.420

🥈 TP2: 0.435

🥉 TP3: 0.455

➡️ A clean breakout with volume can trigger fast upside momentum 🚀

📉 Bearish Scenario (Sell Setup)

If price fails to hold support and gives a strong close below 0.398:

📌 Sell Targets:

👉 0.385 – 0.370 zone

➡️ This would indicate continuation of the bearish trend.

🧠 Market Insight

• Short-term trend: Neutral → Slightly Bearish

• Price is compressing after a dump (volatility contraction)

• Volume expansion = direction confirmation

• Best trades come after clear breakout or breakdown