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$ONDO (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 0.3120 - 0.3170
Targets:
TP1: 0.3050
TP2: 0.2980
TP3: 0.2900
Stop Loss: 0.3245
Why this Setup:
I see price still trading in a weak intraday downtrend, with the recent bounce stalling near prior resistance and failing to reclaim the broken structure above. I want to fade any rejection from this zone for a move back toward the recent lows and lower liquidity pockets below.