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ONDO longs still holding on desperately? The 4-hour EMA has given the answer.
$ONDO /USDT - Short SHORT
Trading Plan:
Entry: 0.3316 – 0.3334
SL: 0.3407
TP1: 0.3263
TP2: 0.3222
TP3: 0.3161
Why pay attention to this structure?
- The daily trend is clearly bearish, the 1-hour EMA at 0.3325 is the current key resistance, and the price remains under pressure.
- The 15-minute RSI is only 56.13, the bounce momentum is weak, unable to form an effective breakout.
- Why now? The bearish structure is intact, the 0.3325-0.3334 range is the best entry point, the stop loss at 0.3407 is clear, and TP1 at 0.3263 is within reach.
Discussion:
Do you think ONDO will go straight down to TP2 0.3222, or will it first bounce to lure bulls and then drop?