Is ONDO long still holding up? The 4-hour timeframe has already turned red.



$ONDO /USDT - SHORT

Trading plan:
Entry: 0.3237 – 0.3251
SL: 0.3310
TP1: 0.3194
TP2: 0.3161
TP3: 0.3112

Why focus on this structure?
- The daily trend is clearly bearish, and the 4-hour EMA is pressing down and moving lower.
- RSI on the 15-minute timeframe is only 42.85; rebounds lack strength, and bearish momentum hasn’t been released.
- Current 0.3244 is close to the resistance zone; TP1 below is 0.3194, with enough room.
- Why now? With a 95% confidence level, the bearish signal is already armed—chasing shorts has the best risk-reward.

Discussion:
Will this drop directly to TP2=0.3161, or will it first lure longs before a waterfall decline?
ONDO-0.79%
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