Hey everyone,
ONDO just hit a support cluster formed of the 0.618 Fib level + a bullish trendline.
Usually, the first test after confirming the trendline is the most powerful bounce. A trendline needs 2 bottoms to form -in case of bull trend-, so this next touch is considered the 3rd hit—and it’s typically strong since traders spot the trend and jump in to buy the dip.
SL goes below the trendline, preferably with a 1h/4h candle close under the line.
I expect ONDO to hit 0.69$ target if that plays well.
Hopefully that helps and explains my POV on ONDO!
Thank you!!
DYOR
NFA