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Everyone is bullish on ONDO—I’m waiting to short at 0.3475.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3454 – 0.3496
SL: 0.3675
TP1: 0.3325
TP2: 0.3225
TP3: 0.3074
Why this setup?
Why now? 1D trend is bearish, 4h MTF confirms SHORT with 95% confidence. RSI at 52 on 15m shows no oversold bounce yet. Entry sits at 0.3475 with tight SL at 0.3675—risk is 2% for 6%+ drop to TP1 at 0.3325. ATR on 1h is 0.0083, so volatility is low, but the setup is clean for a breakdown.
Debate:
Are we fading the pump to 0.35 or catching a fakeout before TP2 at 0.3225?