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ONDO long holders’ last chance to escape?
$ONDO /USDT - Short SHORT
Trading plan:
Entry: 0.3633 – 0.3669
SL: 0.3820
TP1: 0.3524
TP2: 0.3439
TP3: 0.3312
Why focus on this structure?
- The 4H timeframe confirms a bearish signal. The entry zone is 0.3633-0.3669, with a stop loss at 0.3820.
- The 15M RSI is only 48.52; the rebound lacks strength. The 1H ATR of 0.00706 suggests limited volatility.
- Targets: TP1 0.3524, TP2 0.3439—the lower bound of the daily range is right in front of you.
Discussion:
If 0.3651 breaks down, do you short immediately, or wait for a rebound before shorting?