ONDO's RSI drops to 28, bottom fishing or catching a falling knife?



$ONDO /USDT - LONG

Trade Plan:
Entry: 0.3106 – 0.3126
SL: 0.2987
TP1: 0.3213
TP2: 0.3277
TP3: 0.3374

Why focus on this structure?
- 15-minute RSI at only 28.49, severely oversold, short-term rebound momentum building.
- 4-hour LONG signal, 84% high confidence, EMA support near 0.3116.
- In a bearish trend, oversold rebounds often precede reversals. TP1: 0.3213, TP2: 0.3277.

Discussion:
This oversold bounce — do you bet on hitting TP2 first, or a bull trap?
ONDO-4.17%
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134Ceros
· 7h ago
RSI at 28 is oversold territory, but the main trend is still weak, watch out for a bull trap rather than a straight move to TP2.
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