ONDO/USD:Buy Zone for Bullish Continuation Targeting New Highs!1. Instrument Identification
Instrument: ONDO Finance / USD (OND/USDT) from Coinbase.
Time Frame: Daily chart (1D).
2. Trend Analysis
Current Trend: Strong uptrend, indicated by:
Recent Break of Structure (BoS) to the upside.
Higher highs (HH) and higher lows (HL) forming.
Significant bullish momentum with strong impulsive candles, suggesting institutional order flow is favoring upward movement.
3. Key Levels
Key areas based on the SMC/ICT framework:
Premium and Discount Zones:
Premium Zone: Above the equilibrium (1.949), identified as a high-probability reversal or selling zone.
Discount Zone: Below the equilibrium (1.113), considered optimal for buying in line with the bullish trend.
Resistance Levels:
Previous Day's High (PDH): Around 1.949, where liquidity might be resting.
Weak High: This high is likely to be taken out, as the trend indicates strength to the upside.
Support Levels:
Previous Week Low (PWL) and equilibrium around 1.113 serve as a demand zone and retracement target if price revisits lower levels.
Change of Character (ChoCh):
Bullish ChoCh confirmed as price broke above the previous significant swing highs, signaling a shift to a bullish structure.
Liquidity Pools:
Buy-side liquidity is likely above the weak highs, making the PDH a magnet for price.
Sell-side liquidity exists below the PDL and the previous swing lows.
4. Actionable Recommendation
Recommendation: Buy on Pullbacks (Bullish Bias)
Justification:
The price has broken structure to the upside (BoS), indicating institutional buying pressure.
The equilibrium and 0.618 Fibonacci retracement levels (1.113) are in confluence with a bullish order block.
Weak highs above PDH suggest liquidity resting there, making them a logical target for the bullish move.
Entry Strategy:
Look for a retracement to the discount zone (around 1.275–1.113) or a reaction at the equilibrium.
Confirm entry with bullish rejection patterns or lower-timeframe breaks of structure aligning with the daily trend.
Take Profit (TP):
TP1: 1.949 (Premium Zone and PDH).
TP2: 2.315 (-0.272 Fibonacci extension).
Stop Loss (SL):
Below the swing low or invalidation zone at 1.113.
Alternative Play (If you want immediate action):
If the price breaks above the PDH (1.949) and shows strong momentum, consider a momentum breakout trade with tight risk management.
