Has ONDO’s last line of defense for long positions been broken?



$ONDO /USDT - SHORT (short selling)

Trading plan:
Entry: 0.3238 – 0.3254
SL: 0.3319
TP1: 0.3192
TP2: 0.3155
TP3: 0.3101

Why focus on this structure?
- On the 4-hour timeframe, SHORT direction is confirmed, with 95% confidence; the EMA trend is clearly downward.
- The 15-minute RSI is only 21.32, severely oversold, but it hasn’t reversed—bears are in control.
- Current price 0.3246 is hugging 1-hour support; if it breaks 0.3238, TP1 at 0.3192 is just the beginning.
- Why now? The 1D trend has turned bearish; a short-term rebound is a window to short.

Discussion:
Will this move reach TP2 0.3155 first, or get a stop-run/false breakout above 0.3288 to lure longs?
ONDO-1.73%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned