ONDO long/short pivot point—0.349: a trap or a starting point?



$ONDO /USDT - go SHORT

Trading plan:
Entry: 0.348 – 0.350
SL: 0.360
TP1: 0.341
TP2: 0.335
TP3: 0.326

Why pay attention to this structure?
- On the 4H timeframe, the bearish signal is clear: RSI on 15m is at 60.91, elevated; the daily is ranging, with heavy resistance overhead around 0.350.
- Current 0.349 is a short entry reference; if it can’t hold above 0.351, it will likely retest 0.341.
- ATR at 0.0047 indicates relatively mild volatility, suitable for taking light-position pullbacks rather than chasing longs.

Discussion:
Do you think this SHORT hits TP1 0.341 first, or will 0.350 fake-break and sweep the stop-loss?
ONDO1.23%
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