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Everyone is bullish on ONDO—here’s why I’m shorting it at 0.3152.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3143 – 0.3161
SL: 0.3234
TP1: 0.3090
TP2: 0.3049
TP3: 0.2987
Why this setup?
• 4h trend is bearish with 95% confidence.
• RSI on 15m sits at 58.85—still room to drop before oversold.
• Why now? Entry at 0.3152 aligns with resistance; TP1 at 0.3090 is 1.9% away.
• ATR of 0.0034 on 1h shows low volatility—ideal for a tight scalp.
Debate:
Is this a dead cat bounce or the start of a deeper slide to 0.2987?