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ONDO long signal at 84%, but the daily chart is still falling?
$ONDO /USDT - LONG
Trade Plan:
Entry: 0.3117 – 0.3137
SL: 0.2998
TP1: 0.3224
TP2: 0.3288
TP3: 0.3385
Why focus on this structure?
- 4-hour EMA bullish alignment; RSI is 40.03 on the 15-min chart, just exiting the oversold zone.
- Although the daily chart is bearish, the 1-hour ATR is only 0.0041; volatility is narrowing, with a high probability of an upward breakout.
- Support at 0.3117, TP1 at 0.3224, TP3 at 0.3385; the risk-reward ratio is over 3:1.
Discussion:
Do you think the daily chart will suppress the short-term rebound, or can this move reach TP2 directly?