Is ONDO’s rebound a trap or an opportunity?



$ONDO /USDT - Go short SHORT

Trading plan:
Entry: 0.3089 – 0.3103
SL: 0.3159
TP1: 0.3048
TP2: 0.3017
TP3: 0.2969

Why focus on this structure?
- On the 4-hour timeframe, the bearish signal is clear, with a 95% confidence SHORT direction.
- The 1-day trend is bearish, with strong EMA suppression.
- RSI on the 15m is neutral (52.51), but ATR on the 1h is only 0.002645, indicating limited volatility, suitable for short-term setups.
- Current price is 0.3096, exactly the entry reference; TP1 at 0.3048, TP2 at 0.3017, SL set at 0.3159, with a reasonable risk-reward ratio.

Discussion:
Will this move reach TP2 first, or will it be a long squeeze rebound? See the real answer in the comments.
ONDO-3.32%
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