ONDO long’s last chance to escape?



$ONDO /USDT — going short (SHORT)

Trading plan:
Entry: 0.3210 – 0.3224
SL: 0.3285
TP1: 0.3166
TP2: 0.3132
TP3: 0.3081

Why focus on this structure?
On the 4-hour chart, the EMA is aligned bearishly; on the 15-minute RSI is only 41.31, with weak momentum. The 1-day trend is clearly bearish, ATR volatility is low, making it suitable for a SHORT setup. Current price is 0.3217, and it’s only 2.6% away from TP2 at 0.3132, but the SL is set at 0.3285, for a reward-to-risk ratio of over 2:1. Why now? Because 0.3224 is the 1-hour resistance—before a breakout, the shorting win rate is 95%.

Discussion:
Will this drop first to TP2, or will it fake a long and pull up to 0.3285 before dumping?
ONDO-2.89%
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