🚨 $ONDO at key support — if this holds, the next move could come fast.
🟢 LONG $ONDO
Entry: $0.2595 - $0.2605
SL: $0.2542
TP1: $0.2739 | TP2: $0.2800 | TP3: $0.2900
Analysis:
- EMA alignment is bullish with price holding above the 20 EMA ($0.2610), 50 EMA ($0.2612), and 200 EMA ($0.2599), confirming sustained trend momentum.
- Structure shows a healthy pullback to the EMA cluster support zone, with buyers absorbing selling pressure at this key level.
- This support aligns with the 200 EMA and previous breakout zone, now acting as a higher timeframe demand area for trend continuation.
- Statistical edge: Strong trending assets often see continuation after holding above the EMA cluster; current zone offers favorable risk-reward with tight stop placement.
Invalidation: A 4-hour close below $0.2542.
Engagement Question: Smart money is absorbing $ONDO at support. Which side are you on?