ONDO/USD:Buy Zone for Bullish Continuation Targeting New Highs!
1. Instrument Identification
Instrument: ONDO Finance / USD (OND/USDT) from Coinbase.
Time Frame: Daily chart (1D).
2. Trend Analysis
Current Trend: Strong uptrend, indicated by:
3. Key Levels
Key areas based on the SMC/ICT framework:
Premium and Discount Zones:
Premium Zone: Above the equilibrium (1.949), identified as a high-probability reversal or selling zone.
Discount Zone: Below the equilibrium (1.113), considered optimal for buying in line with the bullish trend.
Resistance Levels:
Previous Day's High (PDH): Around 1.949, where liquidity might be resting.
Weak High: This high is likely to be taken out, as the trend indicates strength to the upside.
Support Levels:
Previous Week Low (PWL) and equilibrium around 1.113 serve as a demand zone and retracement target if price revisits lower levels.
Change of Character (ChoCh):
Bullish ChoCh confirmed as price broke above the previous significant swing highs, signaling a shift to a bullish structure.
Liquidity Pools:
Buy-side liquidity is likely above the weak highs, making the PDH a magnet for price.
Sell-side liquidity exists below the PDL and the previous swing lows.
4. Actionable Recommendation
Recommendation: Buy on Pullbacks (Bullish Bias)
Justification:
The price has broken structure to the upside (BoS), indicating institutional buying pressure.
The equilibrium and 0.618 Fibonacci retracement levels (1.113) are in confluence with a bullish order block.
Weak highs above PDH suggest liquidity resting there, making them a logical target for the bullish move.
Entry Strategy:
Look for a retracement to the discount zone (around 1.275–1.113) or a reaction at the equilibrium.
Confirm entry with bullish rejection patterns or lower-timeframe breaks of structure aligning with the daily trend.
Take Profit (TP):
TP1: 1.949 (Premium Zone and PDH).
TP2: 2.315 (-0.272 Fibonacci extension).
Stop Loss (SL):
Below the swing low or invalidation zone at 1.113.
Alternative Play (If you want immediate action):
If the price breaks above the PDH (1.949) and shows strong momentum, consider a momentum breakout trade with tight risk management.
Instrument: ONDO Finance / USD (OND/USDT) from Coinbase.
Time Frame: Daily chart (1D).
2. Trend Analysis
Current Trend: Strong uptrend, indicated by:
- Recent Break of Structure (BoS) to the upside.
- Higher highs (HH) and higher lows (HL) forming.
- Significant bullish momentum with strong impulsive candles, suggesting institutional order flow is favoring upward movement.
3. Key Levels
Key areas based on the SMC/ICT framework:
Premium and Discount Zones:
Premium Zone: Above the equilibrium (1.949), identified as a high-probability reversal or selling zone.
Discount Zone: Below the equilibrium (1.113), considered optimal for buying in line with the bullish trend.
Resistance Levels:
Previous Day's High (PDH): Around 1.949, where liquidity might be resting.
Weak High: This high is likely to be taken out, as the trend indicates strength to the upside.
Support Levels:
Previous Week Low (PWL) and equilibrium around 1.113 serve as a demand zone and retracement target if price revisits lower levels.
Change of Character (ChoCh):
Bullish ChoCh confirmed as price broke above the previous significant swing highs, signaling a shift to a bullish structure.
Liquidity Pools:
Buy-side liquidity is likely above the weak highs, making the PDH a magnet for price.
Sell-side liquidity exists below the PDL and the previous swing lows.
4. Actionable Recommendation
Recommendation: Buy on Pullbacks (Bullish Bias)
Justification:
The price has broken structure to the upside (BoS), indicating institutional buying pressure.
The equilibrium and 0.618 Fibonacci retracement levels (1.113) are in confluence with a bullish order block.
Weak highs above PDH suggest liquidity resting there, making them a logical target for the bullish move.
Entry Strategy:
Look for a retracement to the discount zone (around 1.275–1.113) or a reaction at the equilibrium.
Confirm entry with bullish rejection patterns or lower-timeframe breaks of structure aligning with the daily trend.
Take Profit (TP):
TP1: 1.949 (Premium Zone and PDH).
TP2: 2.315 (-0.272 Fibonacci extension).
Stop Loss (SL):
Below the swing low or invalidation zone at 1.113.
Alternative Play (If you want immediate action):
If the price breaks above the PDH (1.949) and shows strong momentum, consider a momentum breakout trade with tight risk management.
כתב ויתור
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