Where is ONDO’s last line of defense for the bulls? Once this level breaks, it collapses.



$ONDO /USDT - Go SHORT

Trading plan:
Entry: 0.3486 – 0.3508
SL: 0.3603
TP1: 0.3418
TP2: 0.3365
TP3: 0.3285

Why focus on this structure?
The current 4H SHORT signal has already been triggered. RSI on the 15M is only 49.95, sitting in a neutral-to-weak area. 1H ATR is just 0.0044, with low volatility. A break above 0.3511 will invalidate the setup, but below there are clear targets for TP1 at 0.3418 and TP2 at 0.3365. Why now? Because the EMA support hasn’t broken, but RSI hasn’t reached oversold—there’s still room for the bears to hit TP directly.

Discussion:
Do you think this move will go first to TP2, or is it a stop-hunt fakeout and reversal?
ONDO-4.00%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned