Is ONDO’s 4-hour EMA death cross a fake breakdown or a real pullback?



$ONDO /USDT - SHORT

Trading plan:
Entry: 0.3510 – 0.3534
SL: 0.3640
TP1: 0.3434
TP2: 0.3375
TP3: 0.3287

Why focus on this structure?
- Currently ONDO is around 0.3522; 4-hour RSI is 59.31, neutral but not oversold.
- The 1-day trend is ranging; the SHORT signal has 55% confidence, suggesting there is room for the bears.
- Why now? Price is nearing EMA resistance; 1-hour ATR is only 0.0049, with low volatility—suitable for a tight stop loss to catch TP1 at 0.3434.
- If it breaks below 0.3510, bearish momentum may accelerate; otherwise, be alert for a false breakout.

Discussion:
Will this move first hit TP1 at 0.3434, or will it lure buyers into a rebound back to 0.36?
ONDO-0.20%
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