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Where is the last line of defense for ONDO bulls?
$ONDO /USDT - short SHORT
Trading Plan:
Entry: 0.3241 – 0.3261
SL: 0.3346
TP1: 0.3180
TP2: 0.3133
TP3: 0.3061
Why focus on this structure?
- 4-hour level dominated by bears, RSI on 15-min at 39.35 only, momentum extremely weak
- Current price 0.3251, hugging EMA resistance, weak bounce
- Daily trend clearly bearish, bear win rate 95% — now entering right at key resistance level
Discussion:
Can this wave break through TP1 at 0.3180 in one go, or will it first bounce to lure bulls before dumping?