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ONDO bulls' last hurrah? 4-hour short signal is maxed out.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3218 – 0.3232
SL: 0.3291
TP1: 0.3175
TP2: 0.3142
TP3: 0.3093
Why pay attention to this structure?
- 1-day trend is clearly bearish, 4-hour EMA bearish alignment suppressing price.
- 15-minute RSI already at 64, near overbought zone, short-term rebound momentum fading.
- Current price 0.3225 is tight against the short defense line, 95% confidence pointing to SHORT.
- Why now? The rebound hits key resistance, precisely the entry window.
Discussion:
Will this wave first break TP1 at 0.3175, or fake breakout to lure longs to 0.3273 before crushing shorts?