ONDO/USDT Potential Reversal from Key Demand Zone (4H Analysis)
This analysis highlights a potential reversal opportunity for ONDO/USDT on the 4-hour timeframe. The price is approaching a key demand zone (order block), which has previously acted as strong support. The setup includes:
• Entry: Around $1.2578
• Stop Loss: Below the order block at $1.1897
• Target: $1.73 (a solid risk-to-reward ratio)
The confluence of historical demand and price action suggests a possible bullish reaction. Traders should monitor volume and candlestick confirmations before entering. Remember to manage risk and adapt to market conditions.
• Entry: Around $1.2578
• Stop Loss: Below the order block at $1.1897
• Target: $1.73 (a solid risk-to-reward ratio)
The confluence of historical demand and price action suggests a possible bullish reaction. Traders should monitor volume and candlestick confirmations before entering. Remember to manage risk and adapt to market conditions.
أغلقت الصفقة: تم الوصول لوقف الخسارة
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إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.