strong buy

ONDO Breakout Potential Signals a Strong Uptrend

The ONDO chart has been provided from a VIP channel. It had been in a downtrend for a long period, with the price reacting to resistance trendlines each time. Currently, it has approached this trendline again, and a strong breakout above it with sustained support could signal the start of a significant upward wave. The Ichimoku cloud aligns exactly with this trendline, indicating that this zone is a strong resistance area. The green support zone has repeatedly caused reversals, showing buyers are unwilling to let the price fall further. Entry is suggested after a definitive breakout above the downtrend line and confirmation of support, preferably with a candlestick pattern in the 4-hour or daily timeframe. Stop-loss should be set just below the green support area, around 0.75. Target levels are: - First target: 1.10 - Second target: 1.40 - Third target: 1.70 Investors are advised to enter with a portion of their capital (e.g., 25% to 30% of the full position), and if a strong support holds and volume confirms, increase the position volume.
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AI Analysis

The current technical analysis of ONDO indicates a critical juncture where a confirmed breakout could trigger a significant upward movement. Historically, the price has been contained within a descend...

AI Recommendation

Given the current technical signals, it is prudent to wait for a confirmed breakout above the downtrend resistance and price stabilization before entering a position. Entry should be partial, around 2...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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