$ONDO USDT (1h) - Liquidity Sweep & Bearish Pin Bar Rejection


Bias: Short
Entry (Zone): 0.3950 – 0.4020
Targets:
TP1: 0.3840
TP2: 0.3750
TP3: 0.3615
Stop Loss: 0.4130
Why this Setup:
I’m leaning short because Ondo Finance (ONDO) has executed a major liquidity hunt, spiking past the previous 0.3988 local ceiling to tap a new high of 0.4088, only to face aggressive institutional distribution. The current hourly candle has completely reverterd its initial breakout gains, leaving behind a massive, bearish upper rejection wick (pin bar). This aggressive "stop-hunt" and immediate slam down back into the range indicates that the upward move lacked organic spot demand and was driven by short-squeezing late retail buyers. With a clear structural rejection established at the key psychological 0.4000 barrier, I expect a deep mean-reversion slide down to liquidate intermediate higher-low supports and retest the macro floor at 0.3615.

#GateSquareMayTradingShare
ONDO8.28%
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