🔴 $ONDO | SHORT — Daily trend is bullish, but the short-term trend is turning bearish 📉
ONDO is still in an uptrend on the Daily chart, but the 1H has turned bearish and selling pressure is dominating on the 15M. I’m watching the 0.4869759–0.4882241 zone for a short-term SHORT.
📍 SHORT plan
* Entry: 0.4869759 – 0.4882241
* 🎯 TP1: 0.4780381 (-2.0%) → take profit on 50%
* 🎯 TP2: 0.4716635 (-3.3%)
* 🎯 TP3: 0.4621016 (-5.2%)
* 🛑 SL: 0.5003492 (+2.6%)
After TP1, move the SL to Entry.
📉 Key points
* 1H: Price < EMA50 < EMA200 → the short-term structure is bearish.
* ADX 15M: 28.8, DI− 28.3 > DI+ 16.3 → sellers are controlling momentum.
* BTC: The short-term trend is down, with a 0.65 correlation to ONDO → the current backdrop is not especially favorable for ONDO.
* Performance: ONDO is underperforming BTC by around 2.32%.
* ⚠️ Daily: Price > EMA50 > EMA200 → the broader trend is still bullish. This is worth noting because the SHORT goes against the Daily trend.
The 0.4869759–0.4882241 zone is where I’m watching for a SHORT. If ONDO moves above 0.5003492, this setup is no longer valid.
NFA · DYOR. This content is for educational purposes only and is not investment advice or a recommendation.
Tap below to trade with SHIN👇
ONDO is still in an uptrend on the Daily chart, but the 1H has turned bearish and selling pressure is dominating on the 15M. I’m watching the 0.4869759–0.4882241 zone for a short-term SHORT.
📍 SHORT plan
* Entry: 0.4869759 – 0.4882241
* 🎯 TP1: 0.4780381 (-2.0%) → take profit on 50%
* 🎯 TP2: 0.4716635 (-3.3%)
* 🎯 TP3: 0.4621016 (-5.2%)
* 🛑 SL: 0.5003492 (+2.6%)
After TP1, move the SL to Entry.
📉 Key points
* 1H: Price < EMA50 < EMA200 → the short-term structure is bearish.
* ADX 15M: 28.8, DI− 28.3 > DI+ 16.3 → sellers are controlling momentum.
* BTC: The short-term trend is down, with a 0.65 correlation to ONDO → the current backdrop is not especially favorable for ONDO.
* Performance: ONDO is underperforming BTC by around 2.32%.
* ⚠️ Daily: Price > EMA50 > EMA200 → the broader trend is still bullish. This is worth noting because the SHORT goes against the Daily trend.
The 0.4869759–0.4882241 zone is where I’m watching for a SHORT. If ONDO moves above 0.5003492, this setup is no longer valid.
NFA · DYOR. This content is for educational purposes only and is not investment advice or a recommendation.
Tap below to trade with SHIN👇
