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Everyone’s bullish on ONDO—but the 4h EMA just flashed a fakeout signal.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3526 – 0.3584
SL: 0.3832
TP1: 0.3347
TP2: 0.3208
TP3: 0.3001
Why this setup?
Why now? RSI sits neutral at 50 on 15m, but 1D trend is range-bound. With ONDO at 0.3555, the SHORT bias (55% confidence) targets TP1 at 0.3347. ATR volatility is tight at 0.0115, so a breakdown below 0.3526 could trigger a cascade. The clock is ticking.
Debate:
Is this a dead cat bounce or the trap before a flush to 0.30?