🤖 AI Insight

Based on the provided technical analysis, here is my recommendation:

Long/Buy Recommendation: You should consider entering into a long position when the ONDOUSDT price closes above the 0.6214 support level, with a stop-loss placed slightly below this level (to minimize potential losses). For a conservative approach, wait for a pullback towards the support at 0.6214 before initiating the long position. The risk/reward ratio should ideally be around 1:2 or higher.

Short/Sell Recommendation: Enter a short position when the ONDOUSDT price closes below the 0.749 resistance level. Place your stop-loss a few pips above this level to protect your initial investment. As with the long recommendation, wait for a pullback towards the resistance before initiating the short position for a better risk/reward ratio.

Here are the entry prices and trade setups:

Long Trade Setup:
1. Wait for a pullback towards or below the 0.6214 support level.
2. Place a buy order at the support level or slightly below it.
3. Place a stop-loss order higher than what would have been required if you bought at the support level.

Short Trade Setup:
1. Wait for a pullback towards or above the 0.749 resistance level.
2. Place a sell order at the resistance level or slightly above it.
3. Place a stop-loss order lower than what would have been required if you sold at the resistance level.

These prices are based on the provided analysis, but the actual entry prices may fluctuate depending on the current market conditions and volatility.

For your overall assessment before trading, it is crucial to consult broader market analysis, analysis of the coin's fundamentals, and take into consideration any risk management strategies you prefer. Good luck with your trades!