The final window won’t wait. $ONDO The four-hour moving-average structure has made the direction very clear. Price has remained below EMA50 and EMA200, and the bearish alignment has never been broken. In this structure, any bounce looks more like an opportunity to enter short positions than a signal of a trend reversal. The dense cluster of moving averages overhead forms clear resistance, and volume has contracted with each rebound, suggesting limited follow-through from buyers.
I’m looking at structural continuation, not trying to call the bottom. The downtrend is likely to persist unless key levels are broken. Of course, keep an eye on the strength of any rebound, but as long as the framework remains unchanged, the reasoning behind this short position holds.
🔴 Trade direction: Short
📍 Entry range: 0.3798775 – 0.3813800
🛑 Stop loss: 0.3977812
🎯 Take profit 1: 0.3677643
🎯 Take profit 2: 0.3591881
🎯 Take profit 3: 0.3463237
Take in the vastness of the mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Click below to trade 👇
I’m looking at structural continuation, not trying to call the bottom. The downtrend is likely to persist unless key levels are broken. Of course, keep an eye on the strength of any rebound, but as long as the framework remains unchanged, the reasoning behind this short position holds.
🔴 Trade direction: Short
📍 Entry range: 0.3798775 – 0.3813800
🛑 Stop loss: 0.3977812
🎯 Take profit 1: 0.3677643
🎯 Take profit 2: 0.3591881
🎯 Take profit 3: 0.3463237
Take in the vastness of the mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ONDO
Click below to trade 👇