Don’t get too excited, ONDO bulls— the 4-hour RSI has peaked.



$ONDO /USDT - Go SHORT

Trading plan:
Entry: 0.3796 – 0.3830
SL: 0.3978
TP1: 0.3689
TP2: 0.3606
TP3: 0.3482

Why focus on this structure?
Data points to a SHORT signal:
- The 4-hour EMA trend has turned, and the 1-hour resistance level at 0.3813 hasn’t broken out effectively.
- RSI on the 15-minute chart is 64.03, nearing the overbought zone, with heavy short-term pullback pressure.
- Why now? The daily trading range hasn’t broken; selling SHORT at the current high for a pullback is more suitable.

Discussion:
Will this SHORT hit TP1 at 0.3689 first, or will bulls pull it back above 0.3830?
ONDO-9.38%
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