🔸 ONDO Price Analysis: ONDOUSDT Builds Bullish Triangle Recovery Setup

⚡️ Market Context

Price previously reached the top of the wedge as expected, but instead of an immediate breakout, it is struggling at this critical zone and has formed an additional pattern on lower timeframes.

📈 Chart Explanation

The struggle at resistance suggests the market is still building energy rather than reversing. The highlighted zone remains the deciding factor, a confirmed break above it validates the wedge breakout thesis.

🎯 Entry Decision

No action is warranted until the highlighted zone is decisively broken. Entering before confirmation risks getting caught in the ongoing lower-timeframe consolidation.

💰 Execution Plan

Once bullish momentum confirms the break above the highlighted zone, the setup supports riding price through all three targets of the abc pattern. Until then, patience is the plan, with risk managed around the support zone below.

📈 Outlook

A confirmed breakout opens the door to the full three-target abc pattern move. If the support zone is lost instead, the current pattern may shift and the view will need updating.

📣 Trade Update

The anticipated wedge breakout on ONDO has played out exactly as expected, confirming the earlier technical view.

🎯 Target Hit

+13% growth delivered toward wave (a) of the pattern following the confirmed breakout.

💰 Trade Management

With buyers potentially running out of steam sooner than expected, booking the first profit here is the prudent move to avoid leaving gains on the table.

📈 What's Next

Focus now shifts to monitoring momentum for signs of exhaustion versus continuation, as the broader abc pattern still has further targets ahead.

📣 Trade Update

ONDO has delivered precisely on its first target, confirming the strength of the breakout that was called earlier.

🎯 Target Hit

+17.62% move from the breakout point, a clean, straight-to-the-point hit on TP1.

💰 Trade Management

Half the position has been closed to lock in gains, while the remaining half stays open, positioned for a final target after an expected swing move.

📈 What's Next

Attention now turns to the anticipated swing move that could carry the remaining position toward its final target.