$ONDO Signal: 4H overbought + 1H death cross, short-term correction pressure easing


$ONDO RSI on 4H surged to 90.45, 1H MACD death cross confirmed. Buy order depth ratio 14.37%, Bid/Ask 1.34 indicates buying support still exists, but selling pressure is also increasing, with higher turnover at high levels. The upper band of the 4H Bollinger Bands has been pierced at 0.4499, price has fallen back to around 0.4531, with frequent upper shadows. The current risk-reward ratio is very low, chasing high is not cost-effective, placing orders and waiting for a better entry point is more prudent.

🎯Direction: Watch (place breakout buy orders or wait for a pullback to enter)

⚡Entry/Order: Break above 0.4882 to go long or buy on dips in the 0.3747-0.4511 range

🛑Stop loss: 0.3309

🚀Target 1: 0.4624

🚀Target 2: 0.5062

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

(Depth logic: After a volume increase on the 4H, momentum begins to decline; two consecutive bearish candles on the 1H show shrinking bodies, indicating buyers' willingness to chase higher is weakening. Stable open interest suggests no large-scale liquidation, and short-term consolidation may digest overheated sentiment. Based on experience, after RSI exceeds 90, at least one effective pullback is needed before another rally.)
#GateSquareMayTradingShare
ONDO16.59%
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