$ONDO may offer a SHORT, but I wouldn’t rush here.
Why?
On the 1H, the structure is bearish.
But the daily, weekly, and $BTC are still pointing up for now.
So this is a classic countertrend setup, where one wrong entry — and you’ll just get squeezed back up.
That’s why I’m waiting for a reaction at $0.3584–0.3599.
If there’s a move to $0.3673, even better.
But the entry is only after a clear rejection from buyers and a breakdown in structure to the downside.
🎯 $0.3536
🎯 $0.3483
🎯 $0.3452
🎯 $0.3411
🎯 $0.3353
$0.3695 on the 1H close — scenario invalidated.
As long as sellers don’t show strength, I’m not going to chase them.
#ONDO #Short
Why?
On the 1H, the structure is bearish.
But the daily, weekly, and $BTC are still pointing up for now.
So this is a classic countertrend setup, where one wrong entry — and you’ll just get squeezed back up.
That’s why I’m waiting for a reaction at $0.3584–0.3599.
If there’s a move to $0.3673, even better.
But the entry is only after a clear rejection from buyers and a breakdown in structure to the downside.
🎯 $0.3536
🎯 $0.3483
🎯 $0.3452
🎯 $0.3411
🎯 $0.3353
$0.3695 on the 1H close — scenario invalidated.
As long as sellers don’t show strength, I’m not going to chase them.
#ONDO #Short
