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ONDO bulls' last chance to escape?
$ONDO /USDT - SHORT
Trade plan:
Entry: 0.320 – 0.322
SL: 0.327
TP1: 0.316
TP2: 0.313
TP3: 0.309
Why focus on this structure?
- The 1D trend is clearly bearish, with 4H EMA bearish alignment suppressing price.
- 15-min RSI is only 60.23, rebound momentum exhausted, risk-reward ratio extremely poor.
- The current area around 0.321 is the SHORT entry zone, with a clear and manageable stop loss at 0.327 above.
Discussion:
Do you think it will first drop to TP3 0.309, or fake a breakdown and then bounce back above 0.327?