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ONDO bulls' last chance to escape?
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.318 – 0.320
SL: 0.329
TP1: 0.312
TP2: 0.307
TP3: 0.300
Why pay attention to this structure?
- Bearish trend confirmed on the 4-hour timeframe, and the 1D trend is also bearish, double suppression.
- RSI on the 15-minute chart has reached 25.26, extremely oversold, but any bounce is a window to short.
- Key resistance at 0.319; if it cannot hold, the next stop is TP1 0.312.
Discussion:
Do you dare to short this bounce to 0.319, or wait for a breakdown below 0.318 to chase?