🐻 ONDO/USDT — Sellers Are Taking Control
$ONDO /USDT — 🟢 SHORT · Tactical Setup
Trade Plan:
Entry: 0.3268 – 0.3278
SL: 0.3384
TP1: 0.3190
TP2: 0.3134
TP3: 0.3051
Why this setup?
Why now? ONDO is trading below all three major moving averages shown on the daily chart — MA(7) around 0.3420, MA(25) around 0.3584 and MA(99) around 0.3527. The latest daily candle also shows strong selling pressure after rejection from the $0.38 area.
The short-term technical picture is currently weak. Current external technical readings show bearish momentum, negative MACD and price below the major moving averages, although several oscillators are already approaching oversold territory.
That means the downside setup has room to develop, but chasing the red candle carries bounce risk.
If sellers defend $0.327–$0.328, the first downside zone is around $0.319, followed by $0.313 and potentially the previous chart-low region near $0.305.
There is also a fundamental catalyst to watch: public token-unlock calendars list approximately 73M ONDO tokens scheduled for September 18, estimated at about 1.5% of supply. That could increase market attention and potential supply pressure, although an unlock does not automatically mean price will fall.
🔥 Key Levels
Resistance: 0.3384 → 0.3527 → 0.3584
Support: 0.3268 → 0.3190 → 0.3134 → 0.3051
Invalidation: A sustained recovery above $0.3384 would weaken this short setup; a move back toward the $0.352–$0.358 zone would further challenge the bearish structure.
💬 Debate:
Will ONDO break below $0.319 and continue toward TP2/TP3, or are sellers about to get trapped by a sharp relief bounce? 👀
Click here to view the chart 👇️
ONDOUSDT — 0.3268 (-6.28%)
$ONDO /USDT — 🟢 SHORT · Tactical Setup
Trade Plan:
Entry: 0.3268 – 0.3278
SL: 0.3384
TP1: 0.3190
TP2: 0.3134
TP3: 0.3051
Why this setup?
Why now? ONDO is trading below all three major moving averages shown on the daily chart — MA(7) around 0.3420, MA(25) around 0.3584 and MA(99) around 0.3527. The latest daily candle also shows strong selling pressure after rejection from the $0.38 area.
The short-term technical picture is currently weak. Current external technical readings show bearish momentum, negative MACD and price below the major moving averages, although several oscillators are already approaching oversold territory.
That means the downside setup has room to develop, but chasing the red candle carries bounce risk.
If sellers defend $0.327–$0.328, the first downside zone is around $0.319, followed by $0.313 and potentially the previous chart-low region near $0.305.
There is also a fundamental catalyst to watch: public token-unlock calendars list approximately 73M ONDO tokens scheduled for September 18, estimated at about 1.5% of supply. That could increase market attention and potential supply pressure, although an unlock does not automatically mean price will fall.
🔥 Key Levels
Resistance: 0.3384 → 0.3527 → 0.3584
Support: 0.3268 → 0.3190 → 0.3134 → 0.3051
Invalidation: A sustained recovery above $0.3384 would weaken this short setup; a move back toward the $0.352–$0.358 zone would further challenge the bearish structure.
💬 Debate:
Will ONDO break below $0.319 and continue toward TP2/TP3, or are sellers about to get trapped by a sharp relief bounce? 👀
Click here to view the chart 👇️
ONDOUSDT — 0.3268 (-6.28%)