The confirmation before a breakout is often the most trying part, and $ONDO is in exactly that situation now. Let’s look at the 4-hour chart: the price has been held down by the moving averages, every rebound has been weak, and volume hasn’t picked up, which shows buyers lack confidence. There’s no need to rush into a trade. Wait for a retracement into the resistance zone above before considering a short—that would be a more comfortable entry.
If the key support below gives way, the downtrend will likely accelerate. I know some people want to buy the dip, but until the trend reverses, going with the bears is the safer approach. What do you think?
🔴 Trade direction: Short
📍 Entry range: 0.3519258 – 0.3527996
🛑 Stop loss: 0.3633432
🎯 Take profit 1: 0.3441273
🎯 Take profit 2: 0.3386370
🎯 Take profit 3: 0.3304017
There’s no need to chase the wind—the wind will settle in on its own.
Stand alongside Sister Li, and let every moment leave its mark.
#ONDO
Click below to trade 👇
If the key support below gives way, the downtrend will likely accelerate. I know some people want to buy the dip, but until the trend reverses, going with the bears is the safer approach. What do you think?
🔴 Trade direction: Short
📍 Entry range: 0.3519258 – 0.3527996
🛑 Stop loss: 0.3633432
🎯 Take profit 1: 0.3441273
🎯 Take profit 2: 0.3386370
🎯 Take profit 3: 0.3304017
There’s no need to chase the wind—the wind will settle in on its own.
Stand alongside Sister Li, and let every moment leave its mark.
#ONDO
Click below to trade 👇