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ONDO — what are the shorts waiting for at this level?
$ONDO /USDT - SHORT
Trading plan:
Entry: 0.3486 – 0.3510
SL: 0.3611
TP1: 0.3413
TP2: 0.3357
TP3: 0.3272
Why focus on this structure?
- The 4H trend is clearly SHORT; the current price 0.3498 is right at a 1H resistance level.
- RSI 15m is 63.11; the momentum for a short-term rebound is limited—good for catching a dip exhaustion point.
- Why now? We’re at the upper edge of the range; once price breaks below 0.3486, downside room opens to TP1 0.3413.
Discussion:
Do you think this move will first hit TP2 0.3357, or will it be a stop-run that pulls back to 0.3510?