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ONDO short signal 95% — what is the main force waiting for?
$ONDO /USDT - SHORT
Trading plan:
Entry: 0.3295 – 0.3315
SL: 0.3400
TP1: 0.3234
TP2: 0.3186
TP3: 0.3115
Why focus on this structure?
- On the 4-hour timeframe, it clearly looks bearish, and the 1D trend has already turned bearish.
- The current price at 0.3305 is right under EMA resistance; RSI on the 15m is only 54.61, and the bounce has no strength.
- Why now? ATR is just 0.003967. After a tight range consolidation, it’s likely to break down, and TP1 at 0.3234 is right in sight.
Discussion:
Will this leg directly smash to TP2 0.3186, or will it first lure longs and then drop like a waterfall?