$ONDO Sellers Are Still In Control, And The 4H Structure Is Giving A Clear Warning.
ONDO continues to face selling pressure, with both the 4H and 1H structures remaining bearish. Until buyers reclaim key resistance, I’m keeping a SHORT bias.
SHORT $ONDO/USDT
Entry Zone: 0.3927252 – 0.3936748
TP1: 0.3860281
TP2: 0.3812468
TP3: 0.3740749
Stop Loss: 0.4027625
Why am I watching the downside?
• 4H price structure remains below EMA50 and EMA200.
• 1H trend also shows bearish conditions.
• BTC weakness adds pressure, especially with ONDO's reported 0.81 correlation.
• 7 out of 12 technical signals support the bearish setup, with none opposing it.
My execution plan:
Take 50% profit at TP1, 25% at TP2, and leave the final 25% for TP3. After TP1, move the stop loss to breakeven.
One important detail: The daily timeframe is still ranging, so this isn't a confirmed higher-timeframe breakdown.
Invalidation: A move toward 0.4027625 invalidates this setup.
My approach is simple: respect the bearish lower-timeframe structure, but don't ignore the bigger picture. Let price come to the entry zone instead of chasing the move. #Write2Earn #Binance #Crypto
ONDO continues to face selling pressure, with both the 4H and 1H structures remaining bearish. Until buyers reclaim key resistance, I’m keeping a SHORT bias.
SHORT $ONDO/USDT
Entry Zone: 0.3927252 – 0.3936748
TP1: 0.3860281
TP2: 0.3812468
TP3: 0.3740749
Stop Loss: 0.4027625
Why am I watching the downside?
• 4H price structure remains below EMA50 and EMA200.
• 1H trend also shows bearish conditions.
• BTC weakness adds pressure, especially with ONDO's reported 0.81 correlation.
• 7 out of 12 technical signals support the bearish setup, with none opposing it.
My execution plan:
Take 50% profit at TP1, 25% at TP2, and leave the final 25% for TP3. After TP1, move the stop loss to breakeven.
One important detail: The daily timeframe is still ranging, so this isn't a confirmed higher-timeframe breakdown.
Invalidation: A move toward 0.4027625 invalidates this setup.
My approach is simple: respect the bearish lower-timeframe structure, but don't ignore the bigger picture. Let price come to the entry zone instead of chasing the move. #Write2Earn #Binance #Crypto