Stay calm and watch for traps; the final signal is more reliable. $ONDO This rebound feels a bit like a bull trap to me. Take a look at the 4-hour and 1-hour charts: the price still hasn’t climbed back above the moving averages, and the trend remains weak. There’s no need to rush into buying the rebound. It’s safer to wait and see how price reacts near the resistance zone.
The rebound hasn’t been backed by volume, which suggests buyers aren’t stepping in to support it. That makes the downside worth watching more closely. Of course, keep an eye on the strength of any bounce. Until price reclaims the moving averages, I’m still leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.3614154 – 0.3638651
🛑 Stop loss: 0.3916245
🎯 Take profit 1: 0.3409021
🎯 Take profit 2: 0.3264100
🎯 Take profit 3: 0.3046718
There’s no need to chase the trend; the right opportunity will come along.
Stand alongside Sister Li, and let every moment leave its mark.
#ONDO
Click below to trade 👇
The rebound hasn’t been backed by volume, which suggests buyers aren’t stepping in to support it. That makes the downside worth watching more closely. Of course, keep an eye on the strength of any bounce. Until price reclaims the moving averages, I’m still leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.3614154 – 0.3638651
🛑 Stop loss: 0.3916245
🎯 Take profit 1: 0.3409021
🎯 Take profit 2: 0.3264100
🎯 Take profit 3: 0.3046718
There’s no need to chase the trend; the right opportunity will come along.
Stand alongside Sister Li, and let every moment leave its mark.
#ONDO
Click below to trade 👇