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ONDO 4-hour bearish signals have been armed, but the trend is still ranging.
$ONDO /USDT - Short
Trading plan:
Entry: 0.3648 – 0.3686
SL: 0.3849
TP1: 0.3531
TP2: 0.3440
TP3: 0.3303
Why focus on this structure?
- Entry reference 0.3667, RSI (15 minutes) 45.38, no overbought/oversold.
- TP1=0.3531, TP2=0.3440, SL=0.3849, risk-reward is about 2:1.
- The 1-day trend is ranging; the bears need to wait for a breakdown confirmation, not chase the short.
Discussion:
Will this ONDO move hit TP2 first, or will it be a stop-hunt and rebound?