ONDO is below the downtrend structure on the 1h timeframe.
🔴 SHORT $ONDO /USDT: price is expected to FALL
Bias: SHORT · Strong
Entry: 0.4356902 – 0.4369098
TP1: 0.4264723 (-2.3%)
TP2: 0.4199205 (-3.8%)
TP3: 0.4100928 (-6.0%)
SL: 0.4494036 (+3.0%)
Plan: enter only within this zone, take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Why SHORT? 6/12 signals agree, with 0 opposing signals.
• The 1h trend is down (price is below EMA50 and EMA200)
• Sellers are dominating momentum (15m ADX is 66.3)
• BTC is falling, and this coin typically moves with it (correlation 0.76)
If the scenario plays out:
Price could fall to 0.4264723 as the 1h RSI indicates oversold momentum, below 45.
If the scenario fails:
If the price moves above 0.4494036, the short thesis is no longer valid, and I will exit the trade immediately.
Where would you set the invalidation level for this setup?
🔴 SHORT $ONDO /USDT: price is expected to FALL
Bias: SHORT · Strong
Entry: 0.4356902 – 0.4369098
TP1: 0.4264723 (-2.3%)
TP2: 0.4199205 (-3.8%)
TP3: 0.4100928 (-6.0%)
SL: 0.4494036 (+3.0%)
Plan: enter only within this zone, take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Why SHORT? 6/12 signals agree, with 0 opposing signals.
• The 1h trend is down (price is below EMA50 and EMA200)
• Sellers are dominating momentum (15m ADX is 66.3)
• BTC is falling, and this coin typically moves with it (correlation 0.76)
If the scenario plays out:
Price could fall to 0.4264723 as the 1h RSI indicates oversold momentum, below 45.
If the scenario fails:
If the price moves above 0.4494036, the short thesis is no longer valid, and I will exit the trade immediately.
Where would you set the invalidation level for this setup?