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ONDO rebound lacks momentum, 4H short signals have lit up
$ONDO /USDT - SHORT sell
Trading plan:
Entry: 0.3689 – 0.3727
SL: 0.3892
TP1: 0.3570
TP2: 0.3477
TP3: 0.3339
Why focus on this setup?
- Current price 0.3708, 15-minute RSI 55.87 hasn’t reached overbought
- 1D trend is ranging; on the 4H timeframe, it leans SHORT, with an entry range of 0.3689-0.3727
- TP1 targets 0.3570, TP2 aims at 0.3477, with SL set at 0.3892
- Why now? RSI is neutral but the direction is clear; at the end of the range, it’s prone to break out
Discussion:
Will this short reach TP2 first, or will it immediately hit SL?