Is ONDO ready to flip lower despite the daily bullish trend?

🔮 SHORT $ONDO /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 0.4869759 – 0.4882241
TP1: 0.4780381 (-2.0%)
TP2: 0.4716635 (-3.3%)
TP3: 0.4621016 (-5.2%)
SL: 0.5003492 (+2.6%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Caution: counter-trend setup against the bigger trend, only 5 signals confirm it. Size down, respect the stop.

Why SHORT? Leaning call, 5/12 signals agree, 1 against, 6 undecided.
‱ 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
‱ Trend strength (ADX/DI, 15m): ADX 28.8 with sellers in control (DI+ 16.3 vs DI− 28.3) → sellers are driving the move
‱ BTC backdrop: BTC trend is bearish and correlation is 0.65 → BTC is falling and this coin tends to follow
Risk: Daily trend: price > EMA50 > EMA200, bullish stack → the big-picture trend is up

Q: Why short when the daily trend is bullish?
A: The 1h trend is bearish and ONDO is underperforming BTC by 2.32%.

Q: What if the daily bullish trend resumes?
A: This is a counter-trend bet, so size down and respect the stop.

What is your ONDO level and are you for or against this short?

Levels mapped on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.