ONDO longs are propping up at 0.3475, but the 4-hour EMA has just formed a bearish cross



$ONDO /USDT - go SHORT

Trading plan:
Entry: 0.3461 – 0.3489
SL: 0.3608
TP1: 0.3375
TP2: 0.3309
TP3: 0.3209

Why watch this structure?
RSI on 15m is in the neutral zone at 51.69; the 1D trend is ranging, but the 4-hour direction is clearly bearish. Now entering SHORT, with TP1 at 0.3375 and SL at 0.3608, R/R is 2.3. Why now? RSI hasn’t reached oversold, and bearish momentum has just started.

Discussion:
Will this move first hit TP2 at 0.3309, or will it get pulled into a stop-out rebound?
ONDO1.85%
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