The uncertainty before a breakout is often the most frustrating, and $ONDO is right at that point now. Let’s look at the 1-hour chart: price is trading under the EMA50 and EMA200, the moving averages are fanning out bearishly, and the 15-minute ADX is above 27, showing that selling pressure hasn’t let up yet. When Bitcoin weakens, this asset has a strong tendency to follow, with its correlation sitting at 0.86.
One thing to keep in mind: the current price is already quite far from the 1-hour EMA50—nearly 3.9 ATRs away—so a bounce could happen at any time. Don’t rush to chase it; wait for price to return to the resistance zone before considering a short. A bounce isn’t a reversal—it’s a better entry for bears. A ranging daily chart doesn’t mean the 1-hour chart can’t weaken. The bias is already to the downside, so be patient and wait for confirmation from the price structure.
🔴 Trade direction: Short
📍 Entry zone: 0.4258479 – 0.4274776
🛑 Stop loss: 0.4435824
🎯 Take profit 1: 0.4139731
🎯 Take profit 2: 0.4055132
🎯 Take profit 3: 0.3928235
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment resonate.
#ONDO
Click below to trade 👇
One thing to keep in mind: the current price is already quite far from the 1-hour EMA50—nearly 3.9 ATRs away—so a bounce could happen at any time. Don’t rush to chase it; wait for price to return to the resistance zone before considering a short. A bounce isn’t a reversal—it’s a better entry for bears. A ranging daily chart doesn’t mean the 1-hour chart can’t weaken. The bias is already to the downside, so be patient and wait for confirmation from the price structure.
🔴 Trade direction: Short
📍 Entry zone: 0.4258479 – 0.4274776
🛑 Stop loss: 0.4435824
🎯 Take profit 1: 0.4139731
🎯 Take profit 2: 0.4055132
🎯 Take profit 3: 0.3928235
There’s no need to chase the prevailing trend; it will come to you.
Stand alongside Sister Li, and let every moment resonate.
#ONDO
Click below to trade 👇