Today's Trading Signals for $ONDO

Action: Long and short opportunities.
Entry Range: $1.48–$1.51
Stop-Loss (SL): around $1.46
Take-Profit (TP):
Long Position: $1.56 and $1.69
Short Position: $1.44 and $1.38

ONDO is currently experiencing a downward correction of -9.71% in the last 24 hours, with significant 24-hour volume of $231.91M, showcasing an active market. The Vol/Mkt Cap ratio (11.23%) indicates high trading activity, making it suitable for scalping strategies. The current price has tested a key support level at $1.48, reflecting potential consolidation in this range. With the recent all-time high of $2.14 just 10 days ago, a short-term recovery bounce is plausible, offering a favorable long entry near $1.48. Conversely, if it breaks below $1.48, a short position targeting $1.44 can be effective.

Key indicators suggest ONDO might experience heightened volatility; hence, precise levels for entry, stop-loss, and take-profit are critical.

Long Bias: Enter near $1.48–$1.51 targeting recovery moves to $1.56 and $1.69.
Short Bias: Trigger below $1.48 aiming for $1.44 and further downside to $1.38 if bearish momentum intensifies.

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