ONDO: Launching From Major Support

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ONDO: Launching From Major SupportONDO / TetherUSBINANCE:ONDOUSDTAnhbaCong_ONDO: Launching From Major Support – Optimal Strategy to Target a High-RR Long Setup ONDO has officially confirmed a powerful bullish breakout after clearing a pivotal dynamic barrier. Following a tight sideways consolidation phase that lasted over three weeks, a sudden surge in buying momentum successfully propelled the price action above the MA100 trend moving average line. This technical trigger materialized immediately after the price completed its third successful retest of the long-term ascending support trendline, signaling a highly promising new growth cycle. Looking back at the historical data displayed on chart , the cyclical behavior of this asset is functioning exceptionally well. At the first trendline touch, the price rallied by 48%; at the second touch, the explosive expansion reached 103%. Currently, the third touch has officially initiated an upward push, aiming for a primary target back toward the previous major peak near the $1 .00 psychological round number. To map out this setup, we can evaluate two entry approaches. Executing a direct buy (Long) at current market prices, with a secure stop-loss positioned below the ascending trendline, yields an attractive risk-to-reward (RR) ratio greater than 5. However, exercising patience to wait for a technical pullback to retest the dynamic MA100 line below will provide a much stronger edge, optimizing the setup with an outstanding RR ratio greater than 8. Disclaimer: This is not financial advice, DYOR.