ONDO – Long Spot Trade Setup from 20-Day SMA Reclaim

ONDO is showing early signs of strength by reclaiming the 20-day SMA following a successful retest of both the SMA and key horizontal support. This confluence signals a potential continuation of the uptrend and presents an attractive long spot opportunity.

🔹 Entry Zone:
$0.92 – $0.97 (support + 20-day SMA confluence)

🎯 Take Profit Targets:
🥇 $1.15 – $1.25 (recent high & resistance cluster)

🥈 $1.40 – $1.55 (macro target zone, possible extension if trend strengthens)

🛑 Stop Loss:
Just below $0.87 (tight invalidation if price breaks below local structure and SMA)