Most traders are buying ONDO’s dip—here’s why the 4H chart says it’s a trap.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3576 – 0.3638
SL: 0.3901
TP1: 0.3387
TP2: 0.3240
TP3: 0.3019

Why this setup?
RSI on 15M is 38.35 (oversold bounce risk), but 4H structure is still SHORT with 55% confidence. Entry at 0.3607, stop at 0.3901—tight risk. TP1 is 0.3387, a 6% drop from here. Why now? The 1D trend is range, not bullish—meaning sellers control the mid-term.

Debate:
Are you fading this SHORT or waiting for a retest of 0.3638 to enter?
ONDO-8.14%
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