$ONDO Current Market Condition
· Pair: ONDOUSDT Perpetual
· Last Price: $0.2425 (-2.57%)
· Mark Price: $0.2424
· 24h High/Low: $0.2515 / $0.2351
· 24h Volume: 121.48M ONDO / 29.52M USDT
· Time Frame Selected: 15-minute (visible on chart)
Yes, you are looking at a 15-minute time frame. This is a short-term intraday chart.
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Market Analysis (15-Minute):
Price is currently hovering around **$0.2424–0.2425**, just below the 24h high of $0.2515. The chart shows a clear downtrend structure from the $0.2523 peak, with lower highs and lower lows. The current price is attempting to stabilize near $0.2424, but momentum is weak.
Pattern Identification:
· Price is trading below the AVL (average line) at $0.2416, indicating short-term bearish pressure.
· The recent bounce from $0.2351 low shows some buying interest, but rejection near $0.2450 suggests resistance.
· No clear reversal pattern yet; more of a range-bound consolidation between $0.2350–0.2450 on the 15m.
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Trade Suggestions (15-Minute Scalp/Intraday):
🔴 SELL / SHORT Entry:
· Entry Zone: $0.2430–0.2440
· Stop Loss: $0.2465 (above recent resistance)
· Take Profit 1: $0.2380
· Take Profit 2: $0.2355
· Risk/Reward: ~1:2
🟢 BUY / LONG Entry (Only if breakout occurs):
· Entry: Above $0.2460 with volume
· Stop Loss: $0.2420
· Take Profit: $0.2500–0.2515
· Note: Wait for confirmation; current structure favors shorts.
Neutral Zone:
· Avoid entries between $0.2400–0.2420 unless clear signal appears.
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"After rejecting from $0.2523, ONDO consolidates near $0.2425. Here’s where traders should look for entries.
1. Overview: Current price action and volume context.
2. Technical Structure: Lower highs, AVL resistance, support at $0.2351.
3. Key Levels: Resistance at $0.2450–0.2460, support at $0.2350–0.2380.
4. Trade Setup: Short bias with clear SL and TP levels.
5. Risk Warning: Volatility alert, position sizing advice.
6. Conclusion: Wait for confirmation; avoid FOMO.
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