$ONDO
-0.29%
$ONDO The retest of the 0.75 area is interesting to me precisely because of how the price got there. It wasn't a messy or random movement: first, there was a real, decisive expansion that gave direction to the market. Then, instead of unloading everything immediately, the price stopped and began to move sideways, consolidating. This is a crucial step because it means that there was no aggressive distribution, but rather absorption. Now we are back to testing that area, and this is exactly the point where it makes sense to consider entering. Not because 'it has to go up', but because the context makes it sensible: we have a structure, we have a base built on top of it, and we are returning to a level that was previously resistance and can now become support. The nice thing about this type of setup is that it is also very clean from a risk perspective. If the price falls below the previous low, below that low, the reading is simply wrong and you exit. End of story. No drama, no hope, no attachment to the trade. So yes, it's not a trade 'because it will definitely go up', it's a trade because the dynamics are healthy, the market has shown strength, it has shown patience, and now it is returning to a logical point where buyers can come back. If that happens, fine. If it doesn't happen and it loses the level, amen move on to the next one.
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Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

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