ONDO still in bullish mode. im making this outlook only to follow up the bullishness of ondo. (I wouldnt recommend taking long or short position from my setup)
ONDO on its way making ascending triangle which is a bullish formation.. from i make the chart until breakout estimated 5 days and 12 hours. (Until chart compressed in the end of the triangle)
invalidation is when :
1. Price 1D closing below red line ($ 1.31)
2. Candle 4h making solid breakdown :
. a. Breakdown retest and going downward
. b. Price break down with awful volume.
When the price breaking support triangle but does not meet the criteria above then i can say its only sweep low.
when invalidation confirmed i personally taking half of my profit and enter when price making reversal in 4h or 1d. Small probability making invalidation. But just in case.
ONDO on its way making ascending triangle which is a bullish formation.. from i make the chart until breakout estimated 5 days and 12 hours. (Until chart compressed in the end of the triangle)
invalidation is when :
1. Price 1D closing below red line ($ 1.31)
2. Candle 4h making solid breakdown :
. a. Breakdown retest and going downward
. b. Price break down with awful volume.
When the price breaking support triangle but does not meet the criteria above then i can say its only sweep low.
when invalidation confirmed i personally taking half of my profit and enter when price making reversal in 4h or 1d. Small probability making invalidation. But just in case.
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Disclaimer
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.