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ONDO short — are you in?
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.315 – 0.317
SL: 0.323
TP1: 0.311
TP2: 0.307
TP3: 0.302
Why this setup?
- 4H trend is clearly bearish, 1D trend bearish, bearish momentum not exhausted.
- RSI 15m at 40.62, not yet oversold, room for further downside.
- Current price ~0.316, TP1 0.311, TP2 0.307, SL 0.323, reasonable risk/reward.
- Why now? Low timeframe RSI hasn't bounced, bears in control, time to follow the trend.
Discussion:
Will it hit TP2 first, or fake a bounce then drop?