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ONDO: Will you dare to catch this short trap?
$ONDO /USDT - SHORT
Trading plan:
Entry: 0.3488 – 0.3518
SL: 0.3650
TP1: 0.3393
TP2: 0.3319
TP3: 0.3209
Why focus on this setup?
- 4H level confirms the SHORT signal; entry at 0.3503 with a clear risk-reward ratio.
- The 1D trend is range-bound; RSI on 15M is 61.65, not overbought yet, and shorts still have room.
- Why now? Price is hovering near the EMA; wait for a breakout confirmation. Once it breaks below 0.3488, TP1 at 0.3393 is on the table.
Discussion:
Will this short hit TP1 first, or will it bait a long and pull back above 0.3518?