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ONDO bulls’ last hurrah?
$ONDO /USDT - Sell SHORT
Trading Plan:
Entry: 0.3377 – 0.3395
SL: 0.3476
TP1: 0.3319
TP2: 0.3274
TP3: 0.3206
Why focus on this structure?
The 1D trend is clearly bearish; the 4H EMA is acting as resistance. The RSI (15m) is only 58.85, and the bounce lacks strength. Currently, ONDO is around 0.3386—this is the SHORT entry zone. TP1 at 0.3319 is right within reach. Why now? Because bullish momentum is exhausted, and the bears are about to step in.
Discussion:
Will this wave reach TP2 at 0.3274 first, or will it bait a breakout and bounce up to 0.3453?