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The ONDO short signal is live, but the 55% confidence screams trap.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3672 – 0.3744
SL: 0.4057
TP1: 0.3446
TP2: 0.3271
TP3: 0.3009
Why this setup?
Why now? RSI on 15m sits at 50.79—neutral, no momentum edge. 4H trend is range, not breakdown. Entry at 0.3708 with TP1 at 0.3446 offers a 7% drop, but ATR on 1H (0.01456) shows low volatility. Range-bound + low confidence = high risk of reversal.
Debate:
Is this a dead cat bounce setup, or will ONDO finally crack support?