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ONDO longs are “playing dead” at 0.3461; the RSI has already dropped below 43—who is quietly dumping?
$ONDO /USDT - Go short SHORT
Trading plan:
Entry: 0.3450 – 0.3472
SL: 0.3567
TP1: 0.3382
TP2: 0.3329
TP3: 0.3250
Why focus on this structure?
• The 4H timeframe signal flips to SHORT, confidence 55.4, indicating the bears are gathering
• The 15-minute RSI is only 42.99—still not close to the oversold zone, and the downside momentum hasn’t been used up yet
• The 1-day trend is ranging; 0.3461 is the short-term pivot—once it breaks, price accelerates toward TP1 0.3382
Discussion:
Is this leg of the bears taking TP2 0.3329 first, or are they running another fake breakdown near 0.3461?