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Everyone’s bullish on ONDO—here’s why I’m shorting at 0.3722.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3708 – 0.3736
SL: 0.3859
TP1: 0.3619
TP2: 0.3550
TP3: 0.3447
Why this setup?
RSI on 15m is 48.12, neutral but leaning weak. 4H bias is SHORT with 55% confidence. Price is range-bound on 1D, but the micro-trend favors a breakdown toward TP1 at 0.3619. ATR is tight (0.0057), so a clean move below 0.3708 could trigger the trap.
Debate:
If ONDO slips under 0.3708, are you shorting or waiting for a fakeout?