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Everyone is bullish on ONDO—I’m watching for the rug at 0.364.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.362 – 0.366
SL: 0.385
TP1: 0.348
TP2: 0.338
TP3: 0.322
Why this setup?
Short bias at 55% confidence, with 4h timeframe. RSI at 68.7 on 15m is overheated, hinting at a local top. ATR 0.0087 on 1h shows tight volatility—break below 0.362 could trigger cascade to TP1 at 0.348. Why now? Range-bound 1D trend means rejection at resistance is likely.
Debate:
Are you shorting the 0.364 rejection or waiting for a confirmed breakdown?