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Everyone is bullish on ONDO, but the 4h structure just flashed a short signal.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.4121 – 0.4183
SL: 0.4446
TP1: 0.3932
TP2: 0.3785
TP3: 0.3565
Why this setup?
Why now? RSI on the 15m sits at 45.3—weak momentum with no dip-buyer conviction. Price is hugging the 1h pivot at 0.4152, but the 1D trend is range-bound, not trending up. With ATR at 0.0122, a breakdown to TP1 (0.3932) is a 5.3% move—clean and fast. The alt scenario is the trap: if it pumps, you’ll get stopped before it runs.
Debate:
Are you shorting the breakdown to 0.3932 or waiting for a fakeout above 0.4183?