ONDO has stepped its highs down five consecutive times since the August 18 peak and is now attempting a bounce around the $0.35 area after a sustained slide.
Six average-price lines drawn from three different timeframes stack inside a 0.4% band at 0.3555-0.3585, and the level where last month's sharp drop began sits in the very same place. A bounce reaching there is treated as the place to sell.
That said, clearing the recent high at 0.3633 would break the five-step declining pattern for the first time, so the stop is placed just above it at 0.366.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
