ONDO Finance Perfect Buy Opportunity For New Highs

Welcome to NewWave Traders,

If you enjoy the charts boost them and follow for more! I'll give you some goodies for the 2024 bull market and keep the analysis clear and simple.

In ONDO I'm looking for a break to the upside and continuation of the bullish trend.

We are at an inflection point and the invalidation for the bulls is if we retrace under 0.3325
Probability shifts to the bears at this point for the red ABC pattern to the bullish Order Block at 0.2885.

This gives us a clean calculation to manage our risk for this overall trade.

The target is .40 giving us a 1:6 risk vs reward ratio. Meaning if we risk losing $100 on this trade we can make $600 roughly. Said another way if we risk 1% of account size we can make roughly 6% on account size minus transaction fees.

Follow for the next altcoin moves. I'll be following the DePIN, GAMING, AI and ETH L2 Narratives for this bull market and will provide all the alpha to make the best gains in this next cycle of crypto. There will be losses along the way. This is not financial advice and please manage your risk accordingly.