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ONDO 15-minute RSI spikes to 83—will the shorts make a move?
$ONDO /USDT - SHORT sell
Trading plan:
Entry: 0.3642 – 0.3670
SL: 0.3836
TP1: 0.3521
TP2: 0.3431
TP3: 0.3297
Why focus on this structure?
- The 4-hour timeframe gives a SHORT signal, confidence 77.4, and the 1D trend is in a consolidation range.
- The 15-minute RSI is already overbought at 83.57, with clear EMA suppression on the 1-hour chart, bringing strong short-term pullback pressure.
- The current price is around 0.3656. Enter per the main plan; TP1 at 0.3521, TP2 at 0.3431.
Discussion:
Will this short hit TP1 first, or will it bait with a drop and then rebound directly?