๐Ÿ“‰ $ONDO โ€” THIRD BEARISH WAVE STILL APPLYING PRESSURE


Ondo continues showing downside control as sellers reject nearly every recovery attempt, keeping short-term structure firmly bearish while price trades below resistance.
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿ“Š TRADE SETUP (SHORT) โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ€ข Entry: 0.3885 โ€“ 0.3910
โ€ข SL: 0.3995
Downside Targets: โ€ข 0.3820
โ€ข 0.3765
โ€ข 0.3690
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿง  MARKET STRUCTURE โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โ€ข Third downside wave still active
โ€ข Relief bounces getting rejected quickly
โ€ข Lower highs maintaining bearish pressure
โ€ข Sellers currently controlling momentum flow
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” โš ๏ธ KEY INSIGHT โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” This is a continuation structure, not an exhaustion setup yet.
Meaning: โ†’ bears remain in control while below resistance
โ†’ failed rebounds strengthen downside probability
โ†’ breakdown continuation becomes more aggressive if support gives way
But: โ€ข reclaiming resistance weakens bearish momentum fast
โ€ข volatility expansion can trigger sharp reversals in oversold conditions
โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” ๐Ÿ’ญ KEY QUESTION โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ” Is ONDO preparing for another liquidity sweep lowerโ€ฆ
or getting close to the point where sellers become overextended? ๐Ÿ‘€
#GateSquareMayTradingShare
ONDO-4.42%
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