Most traders are still bullish on ONDO – here’s why I’m shorting ONDO instead.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3614 – 0.3658
SL: 0.3844
TP1: 0.3480
TP2: 0.3376
TP3: 0.3221

Why this setup?
• 4H timeframe shows a range-bound structure with a 55% short bias, despite the sideways trend.
• RSI on 15m at 52.71 – neutral, but momentum is fading with no breakout trigger above 0.3686.
• Entry zone at 0.3636 with tight SL at 0.3844 gives a 2:1 risk-reward toward TP1 at 0.3480.
• ATR on 1h is low (0.008656), suggesting a squeeze is brewing – shorts win if bears reclaim 0.36.

Debate:
Is ONDO about to fake a breakout, or will this short setup get invalidated before TP1?
ONDO7.45%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned