Univers OF Signals | ONDO : Real World Asset (RWA) project

Let's quickly look at ONDO, a Real World Asset (RWA) project within the Ethereum ecosystem, currently with a market cap of $4 billion and ranked 31st in coin market cap.

🔍 In the 4-hour timeframe, we observe a large range box between $1.1285 and $1.6073, which I've marked with white lines. Inside this box, there's a smaller box ranging from $1.2520 to $1.4340, marked with dark blue.

📈 For long positions, a risky entry could be considered if the price breaks $1.4340, and the main long position would be logical if $1.6073 is broken. The target for the main long position would be $2.0434.

📉 For short positions, a risky trigger is the break of $1.2520, which could be played for short-term scalping. The main trigger for a short would be breaking $1.1285, aiming for a target at $0.92555.

📊 Market volume has significantly decreased and is currently at its minimal possible state. If a suitable candle with higher volume activates our triggers, we can confirm the next leg of price movement.

✨ Currently, we don't have any triggers in the RSI as the market lacks momentum and since RSI is a momentum oscillator, it doesn't make sense to check it now as it might give us misleading data.