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ONDO short signal 95%? This dump may be coming.
$ONDO /USDT - SHORT sell (short)
Trading plan:
Entry: 0.3261 – 0.3275
SL: 0.3337
TP1: 0.3216
TP2: 0.3182
TP3: 0.3130
Why watch this structure?
- 4-hour EMA bearish alignment, the daily trend is clearly bearish. RSI on the 15m is overbought up to 71, with heavy pullback pressure.
- Current price 0.3268, exactly the entry reference. TP1 0.3216, TP2 0.3182, stop loss 0.3337.
- Why now? RSI at high levels + trend resonance. The short-term rebound is already at its last legs.
Discussion:
Will this move reach TP2 first, or is it a bull trap rebound? Have you placed your short?