Is the ONDO long still holding on? Dangerous signals have appeared on the 4-hour timeframe



$ONDO /USDT - Going SHORT

Trading plan:
Entry: 0.3619 – 0.3657
SL: 0.3823
TP1: 0.3499
TP2: 0.3406
TP3: 0.3267

Why pay attention to this structure?
- Current ONDO price is 0.3638; the 1-hour EMA resistance is clearly visible. RSI on the 15-minute chart is only 42.29, and momentum is bearish
- The daily chart is in a ranging area, while the 4-hour direction is clearly bearish. Stop loss at 0.3823, with TP1 at 0.3499
- Why right now? ATR on the 1 hour is 0.0077. After volatility narrows, a directional breakout often follows. The short-side win rate is 55%, and the shorts are already armed

Discussion:
Do you think ONDO will first drop to TP1 (0.3499), or will it rebound to lure longs and then fall again?
ONDO-3.47%
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