$ONDO - SHORT
Entry : 0.3673 – 0.3690
SL : 0.3879
TP1 : 0.3533
TP2 : 0.3435
TP3 : 0.3286
Why this setup?
The 1h price is at 0.3682, perfectly within the entry zone between 0.3673 and 0.3690, while the 15m RSI at 39.16 signals a weakening of momentum, opposite to the higher timeframe trend.
The 1h ATR of 0.005487 sets realistic volatility for this configuration, and the daily trend remains bullish, which makes this a counter-trend / reversal bet with higher risk than a trade following the trend. TP1 targets 0.3533, with TP2 at 0.3435, but the key line is the invalidation level at 0.3752. This is a counter-trend / reversal setup against the bullish 1D trend: reduce position size and strictly follow the SL.
Click here to trade 👇🏼
$ONDO
Entry : 0.3673 – 0.3690
SL : 0.3879
TP1 : 0.3533
TP2 : 0.3435
TP3 : 0.3286
Why this setup?
The 1h price is at 0.3682, perfectly within the entry zone between 0.3673 and 0.3690, while the 15m RSI at 39.16 signals a weakening of momentum, opposite to the higher timeframe trend.
The 1h ATR of 0.005487 sets realistic volatility for this configuration, and the daily trend remains bullish, which makes this a counter-trend / reversal bet with higher risk than a trade following the trend. TP1 targets 0.3533, with TP2 at 0.3435, but the key line is the invalidation level at 0.3752. This is a counter-trend / reversal setup against the bullish 1D trend: reduce position size and strictly follow the SL.
Click here to trade 👇🏼
$ONDO
