ONDO 4H death cross confirmed—how much room is left for the shorts?



$ONDO /USDT - SHORT sell

Trading plan:
Entry: 0.3424 – 0.3462
SL: 0.3624
TP1: 0.3307
TP2: 0.3216
TP3: 0.3080

Why focus on this structure?
The 15-minute RSI has fallen to 28.73 in the oversold zone, but the 1D trend is still in a choppy range. The current entry price 0.3443 is near the 4H EMA lower band, and the short-side targets are clear: TP1 0.3307, TP2 0.3216. Stop loss is 0.3624, with a risk-reward ratio of about 1:2.5. Why now? An oversold rebound could be just a bull-trap; in a ranging market, chasing shorts requires confirmation of a breakdown.

Discussion:
Will this leg reach TP2 first, or is it a bull-trap?
ONDO-8.93%
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