Shorting ONDO while everyone’s still sniffing for a breakout—here’s why I’m not buying the dip.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3747 – 0.3783
SL: 0.3933
TP1: 0.3639
TP2: 0.3554
TP3: 0.3428

Why this setup?
• 4h timeframe shows a clear SHORT bias at 55% confidence, with price hovering near the 0.3765 entry zone.
• RSI on the 15m sits at 51.92—neutral but not oversold, leaving room for downside pressure.
• ATR (1h) is tight at 0.007017, suggesting a potential volatility expansion. If we break below 0.3716 (invalidation), shorts get invalidated—but until then, the path of least resistance is lower toward TP1 at 0.3639.

Debate:
Is this a fakeout trap before a short squeeze, or are we finally seeing the range break to the downside?
ONDO1.56%
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