The real climax often comes after the hard evidence. At $ONDO ’s current level, the moving averages across all four timeframes are sloping downward. This isn’t an ambiguous signal—it’s a clear bearish structure. You can see it on the four-hour chart: each rebound is weaker than the last, with highs continuing to move lower, showing that selling pressure overhead hasn’t been fully absorbed.
In trading, it pays to follow the structure. I’d rather view a low-volume bounce as a retest for confirmation than a reversal. The key resistance zone is near the moving averages above. If the price rebounds there but can’t hold, a pullback is the more likely outcome. Of course, we should also guard against the risk of a rebound, so scaling in gradually is the more prudent approach.
🔴 Trade direction: Short
📍 Entry range: 0.3684615 – 0.3691954
🛑 Stop loss: 0.3787380
🎯 Take profit 1: 0.3613963
🎯 Take profit 2: 0.3564415
🎯 Take profit 3: 0.3490093
There’s no need to chase the winds of opportunity; they’ll come to rest in their own time.
Stand alongside Sister Li, and let every moment leave an echo.
#ONDO
Tap below to trade 👇
In trading, it pays to follow the structure. I’d rather view a low-volume bounce as a retest for confirmation than a reversal. The key resistance zone is near the moving averages above. If the price rebounds there but can’t hold, a pullback is the more likely outcome. Of course, we should also guard against the risk of a rebound, so scaling in gradually is the more prudent approach.
🔴 Trade direction: Short
📍 Entry range: 0.3684615 – 0.3691954
🛑 Stop loss: 0.3787380
🎯 Take profit 1: 0.3613963
🎯 Take profit 2: 0.3564415
🎯 Take profit 3: 0.3490093
There’s no need to chase the winds of opportunity; they’ll come to rest in their own time.
Stand alongside Sister Li, and let every moment leave an echo.
#ONDO
Tap below to trade 👇