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Everyone is bullish on ONDO, but the 4h chart is screaming for a 95% confidence short.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.333 – 0.337
SL: 0.351
TP1: 0.323
TP2: 0.315
TP3: 0.302
Why this setup?
Why the setup is irresistible:
- Daily trend is bearish, yet price is hovering at the 1h pivot resistance of 0.335.
- RSI 15m at 55.3 shows no oversold bounce—momentum is fading.
- ATR on 1h is tight (0.006825), suggesting an imminent breakout lower.
- Targets: TP1 at 0.323, TP2 at 0.315—a 6% drop from entry.
Debate:
Are you fading the crowd and shorting ONDO here, or waiting for a fakeout above 0.337 first?