Post
Bearish

Insiders are fading $ONDO /USDT right now, but the setup is anything but obvious.



$ONDO /USDT - SHORT

Trade Plan:
Entry: 0.3544 – 0.3562
SL: 0.3643
TP1: 0.3486
TP2: 0.3441
TP3: 0.3373

Why this setup?
Why now? The daily trend is range-bound, which means momentum is scarce and the market is coiling for a directional move. The 1h ATR of 0.003747 shows compressed volatility, suggesting a squeeze is building before a potential breakdown. The 15m RSI at 59.79 is neutral, not overbought, so there is room for sellers to push price from the 1h level of 0.3553 toward the first target of 0.3486 and beyond to 0.3441. The entry zone between 0.3544 and 0.3562 aligns with the current 1h price, giving a precise fill for a short bias. The line in the sand is 0.3603, because a break above invalidates the entire setup.

Debate:
Are we hitting TP2 at 0.3441 or getting trapped before the invalidation at 0.3603?

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ONDOONDO+3.32%


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Comment
MrFlower_XingChen
17 minutes ago
First Review
How much upside is left ?
0