The WLD strategy shared earlier has now successfully captured its profit potential. The real undercurrents are often hidden until after confirmation. $ONDO The four-hour structure has completed this rebound. The bearish moving-average alignment remains intact, price has moved back below the EMA50, and volume has failed to pick up. I see this area as a continuation of the downtrend rather than a bottom reversal.
The one-hour chart is also holding below the moving averages, and its correlation with Bitcoin remains in place. If Bitcoin weakens, it will be difficult for this asset to rise independently. The closer the rebound gets to overhead resistance, the more attractive the entry looks to bears. Until the structure turns bullish, I’m only looking for the downtrend to continue. A rebound is an opportunity, not a reason to go long.
🔴 Trade direction: Short
📍 Entry range: 0.3813675 – 0.3823329
🛑 Stop loss: 0.3919018
🎯 Take profit 1: 0.3743114
🎯 Take profit 2: 0.3692857
🎯 Take profit 3: 0.3617470
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Tap below to trade 👇
The one-hour chart is also holding below the moving averages, and its correlation with Bitcoin remains in place. If Bitcoin weakens, it will be difficult for this asset to rise independently. The closer the rebound gets to overhead resistance, the more attractive the entry looks to bears. Until the structure turns bullish, I’m only looking for the downtrend to continue. A rebound is an opportunity, not a reason to go long.
🔴 Trade direction: Short
📍 Entry range: 0.3813675 – 0.3823329
🛑 Stop loss: 0.3919018
🎯 Take profit 1: 0.3743114
🎯 Take profit 2: 0.3692857
🎯 Take profit 3: 0.3617470
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Tap below to trade 👇