Most traders ignore ONDO at 0.35—that’s exactly why the trap is set.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3518 – 0.3540
SL: 0.3631
TP1: 0.3453
TP2: 0.3402
TP3: 0.3325

Why this setup?
4h bias is SHORT with 55% confidence, and RSI on the 15m sits at 63.55—pushing into overbought territory inside a range-bound 1D trend. The ATR is tight (0.00425), meaning volatility is compressed. Why now? The entry zone at 0.3529 is a liquidity magnet; if it rejects, the first target is 0.3453 with a 1:2 risk-reward before the daily close.

Debate:
Is this a fakeout above 0.3540 or the start of a squeeze to SL at 0.3631?
ONDO1.02%
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