ONDO short positioning— is this move a trap or a real drop?



$ONDO /USDT - SHORT to go short

Trade plan:
Entry: 0.313 – 0.315
SL: 0.320
TP1: 0.309
TP2: 0.306
TP3: 0.301

Why focus on this setup?
- 4-hour short signal, confidence 95%, the daily trend is clearly bearish.
- Current price 0.314, near the 15-minute RSI 48.15, not oversold—downside room remains.
- Key TP1 at 0.309, TP2 at 0.306, with SL set at 0.320—the risk-reward ratio is reasonable.
- Why now? The 1-hour EMA cross is bearish, ATR is only 0.0026, volatility is low—breakout seems imminent.

Discussion:
Will this first reach TP2, or is it a bull trap bounce? Share your thoughts in the comments.
ONDO5.37%
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