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Is the ONDO long still waiting for a breakout? Hidden reversal signals on the 4-hour chart
$ONDO /USDT - Short SHORT
Trading plan:
Entry: 0.3459 – 0.3483
SL: 0.3585
TP1: 0.3386
TP2: 0.3329
TP3: 0.3243
Why focus on this setup?
- Current price is 0.3471, exactly hitting the 4-hour EMA resistance level; RSI (15m) is only 52, with insufficient momentum.
- The 1-day trend is a ranging/sideways range with no clear direction, but the SHORT signal has already been triggered, with TP1 at 0.3386.
- Why now? If price breaks below the 0.3459 support, the downside move will accelerate; the alternative plan shows limited upside potential.
Discussion:
Do you think ONDO will hit TP2 at 0.3329 first, or will it fake a breakdown and then rebound to 0.3556?