The expected increase still hasn’t arrived, while the divergence is becoming increasingly clear. With $ONDO , I’m leaning toward the bears. On the four-hour chart, the price has remained below both moving averages. The bearish alignment is clear, and rebounds haven’t attracted much volume, suggesting traders aren’t keen to chase prices higher.
There’s no need to overcomplicate the chart: until the structure changes, just follow the trend. The cluster of moving averages overhead is resistance, so any rebound looks more like an opportunity to open short positions. Let’s be clear about the risk, too: if the price climbs back above that level on heavy volume, we’ll have to accept that we’re wrong. But at this point, the downside offers a much better risk-reward ratio.
🔴 Trade direction: Short
📍 Entry range: 0.3798253 – 0.3813276
🛑 Stop loss: 0.3977266
🎯 Take profit 1: 0.3677139
🎯 Take profit 2: 0.3591388
🎯 Take profit 3: 0.3462762
There’s no need to chase the wind; it will come to rest in its own time.
Stand alongside Sister Li, and let every moment resonate.
#ONDO
Click below to trade 👇
There’s no need to overcomplicate the chart: until the structure changes, just follow the trend. The cluster of moving averages overhead is resistance, so any rebound looks more like an opportunity to open short positions. Let’s be clear about the risk, too: if the price climbs back above that level on heavy volume, we’ll have to accept that we’re wrong. But at this point, the downside offers a much better risk-reward ratio.
🔴 Trade direction: Short
📍 Entry range: 0.3798253 – 0.3813276
🛑 Stop loss: 0.3977266
🎯 Take profit 1: 0.3677139
🎯 Take profit 2: 0.3591388
🎯 Take profit 3: 0.3462762
There’s no need to chase the wind; it will come to rest in its own time.
Stand alongside Sister Li, and let every moment resonate.
#ONDO
Click below to trade 👇