ONDO/USDT Falling Wedge in Play Is it Set to Soar?
Pattern
The chart is forming a Falling Wedge pattern, which is typically a bullish reversal structure.
Key Levels to Watch
Support Zone
Lower trendline support around $1.05.
Strong horizontal support near $1.00, making this a potential entry point for long positions.
Resistance and Target
If a breakout occurs, the expected upside target is $1.60+, with further momentum possibly driving the price even higher.
Insights
The falling wedge narrows as price action consolidates, indicating reduced bearish strength.
A breakout above the upper trendline would confirm a bullish move.
Trading Strategy
Look for confirmation of breakout or bounce from $1.05 or $1.00 before entering.
Set stops below $1.00 to manage risk.
Potential profit taking levels could be around $1.60 or higher depending on market momentum.
This chart signals a promising bullish setup. Monitor closely for breakout confirmation to capitalize on the potential upward move.
The chart is forming a Falling Wedge pattern, which is typically a bullish reversal structure.
Key Levels to Watch
Support Zone
Lower trendline support around $1.05.
Strong horizontal support near $1.00, making this a potential entry point for long positions.
Resistance and Target
If a breakout occurs, the expected upside target is $1.60+, with further momentum possibly driving the price even higher.
Insights
The falling wedge narrows as price action consolidates, indicating reduced bearish strength.
A breakout above the upper trendline would confirm a bullish move.
Trading Strategy
Look for confirmation of breakout or bounce from $1.05 or $1.00 before entering.
Set stops below $1.00 to manage risk.
Potential profit taking levels could be around $1.60 or higher depending on market momentum.
This chart signals a promising bullish setup. Monitor closely for breakout confirmation to capitalize on the potential upward move.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.