$ /USDT is bleeding ONDO at 0.3529, but the real question is: are you brave enough to sell on the 4-hour timeframe breakdown?
$ONDO - 🟢 SHORT · Conf 84%
Trading plan:
Entry: 0.3523445 – 0.3534555
Stop loss: 0.3650909
TP1: 0.3437568
TP2: 0.3376613
TP3: 0.3285181
Why this setup?
Why now? The 4-hour timeframe has decisively turned in favor of the bears, while the daily trend remains stuck in a range that keeps failing to hold buyers.
- The RSI on the 15-minute timeframe is already at 35.72, showing that sellers are completely controlling the immediate move.
- My model is 84% confident in this SHORT, with an edge of 7.3 points, a huge statistical advantage compared to the long side.
- This is a trend-following setup, meaning we are riding the current momentum instead of fighting it.
The entry zone is tight between 0.35234 and 0.35345. If we lose 0.3596, the hypothesis is invalidated, but as long as we stay below it, the path to TP1 at 0.3437 and TP2 at 0.3376 remains wide open.
- The ATR on the 1-hour timeframe is only 0.00508, which means current volatility is low, but the breakout is sharp. This suggests the move has just started, not exhausted.
Discussion:
Will we slide to TP3 at 0.3285, or is this a bull trap that will bounce back to 0.3650? Where is your stop loss?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and do your own research.
$ONDO
#ONDO
$ONDO - 🟢 SHORT · Conf 84%
Trading plan:
Entry: 0.3523445 – 0.3534555
Stop loss: 0.3650909
TP1: 0.3437568
TP2: 0.3376613
TP3: 0.3285181
Why this setup?
Why now? The 4-hour timeframe has decisively turned in favor of the bears, while the daily trend remains stuck in a range that keeps failing to hold buyers.
- The RSI on the 15-minute timeframe is already at 35.72, showing that sellers are completely controlling the immediate move.
- My model is 84% confident in this SHORT, with an edge of 7.3 points, a huge statistical advantage compared to the long side.
- This is a trend-following setup, meaning we are riding the current momentum instead of fighting it.
The entry zone is tight between 0.35234 and 0.35345. If we lose 0.3596, the hypothesis is invalidated, but as long as we stay below it, the path to TP1 at 0.3437 and TP2 at 0.3376 remains wide open.
- The ATR on the 1-hour timeframe is only 0.00508, which means current volatility is low, but the breakout is sharp. This suggests the move has just started, not exhausted.
Discussion:
Will we slide to TP3 at 0.3285, or is this a bull trap that will bounce back to 0.3650? Where is your stop loss?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and do your own research.
$ONDO
#ONDO