📊 $ONDO: LONG THE RECOVERY, THEN WATCH FOR A DOUBLE TOP ONDO is trading around 0.4452 on this daily chart, correcting after its sharp rally toward 0.60–0.61. The illustrated plan anticipates two separate opportunities: a rebound from support, followed by a potential bearish reversal near the previous high. The long scenario starts around 0.4178. This area sits close to the earlier July–August highs, making it a potential resistance-to-support retest. Buyers defending it and producing a bullish daily reaction would strengthen the recovery setup. The marked long stop is 0.4004, approximately 4.2% below entry. A loss of that level would invalidate the illustrated trade. On the upside, ONDO would first need to reclaim the 0.48–0.50 region, followed by resistance around 0.52–0.53. Clearing those areas would support a retest of the previous peak, with the long target marked at 0.6067. From the planned entry, that represents approximately 45.2% upside and a displayed risk/reward ratio of 10.86. The short scenario becomes relevant if that recovery stalls around 0.60–0.61, potentially forming a second top against the earlier peak. However, two similar highs alone would leave the pattern incomplete. A subsequent break below the intervening trough, projected near 0.418, would confirm the double top. A failed retest of that neckline from below would provide further bearish confirmation. The chart illustrates an aggressive short entry near 0.6057, with a stop at 0.6374 and a downside target at 0.3289. That setup anticipates rejection before neckline confirmation, carrying the risk that ONDO instead breaks above the highs. If the bearish reversal develops, the first major downside test would be 0.418–0.400, followed by the earlier trading range around 0.35–0.33. The sequence matters: support must first produce a recovery. Only then can rejection near the prior high establish the potential double top.