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Everyone’s bullish on ONDO, but my data just flashed a 4H short signal at 0.3559.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3522 – 0.3596
SL: 0.3911
TP1: 0.3295
TP2: 0.3119
TP3: 0.2855
Why this setup?
RSI on the 15m is already at 26.63—oversold, yet the daily trend is range-bound, not trending up. ATR shows tight volatility (0.01466 on 1H), meaning a breakout is imminent. Our short targets: TP1 at 0.3295, TP2 at 0.3119. The alt scenario is a trap above 0.3596.
Debate:
Who’s shorting ONDO here, and are you waiting for the breakdown below 0.3522 or a dead cat bounce first?