Nobody’s talking about the ONDO trap forming right under 0.3555.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3537 – 0.3573
SL: 0.3730
TP1: 0.3424
TP2: 0.3336
TP3: 0.3205

Why this setup?
RSI on 15m is at 34.08—already oversold, yet the 4h bias stays SHORT. The 1D trend is range, not a breakdown, so chasing this dip into TP1 (0.3424) risks a snap-back. ATR on 1h is tight at 0.00729, meaning the move is low velocity—sellers aren’t committed. Why now? The entry zone (0.3537–0.3573) is the same as the ref price, but the “Armed” status with a 0.3690 invalidation suggests this is a micro-squeeze setup, not a clean short.

Debate:
Are you shorting the oversold bounce or waiting for a retest of 0.3690 to enter?
ONDO5.21%
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