đą $ONDO /USDT â LONG SETUP đ
ONDO still has bullish structure across all three major timeframes, although short-term sellers are applying some pressure. Iâm watching the zone below for a potential continuation.
đ Entry: $0.5071149 â $0.5090851
đ SL: $0.4903705
đŻ TP1: $0.5213971
đŻ TP2: $0.5302619
đŻ TP3: $0.5435590
Why Iâm watching this setup:
âą Daily trend: bullish EMA50/EMA200 stack
âą 4h trend: bullish EMA50/EMA200 stack
âą 1h trend: bullish EMA50/EMA200 stack
âą 1h RSI: 57.9, keeping momentum on the bullish side
â ïž Short-term momentum is the main concern. The 15m RSI z-score is â1.59 and the latest candle is â0.12%, showing sellers are currently pressing.
This is a strong setup by the signal count: 6/12 signals align, 3 disagree, and 3 remain undecided. So Iâd still wait for the entry zone instead of chasing.
Plan: take partial profit around TP1, then move the stop toward breakeven if the move confirms.
A break below $0.4903705 invalidates the long idea.
đŹ If you were fading this setup, where would you place your invalidation?
Full setup on the chart đ
ONDO still has bullish structure across all three major timeframes, although short-term sellers are applying some pressure. Iâm watching the zone below for a potential continuation.
đ Entry: $0.5071149 â $0.5090851
đ SL: $0.4903705
đŻ TP1: $0.5213971
đŻ TP2: $0.5302619
đŻ TP3: $0.5435590
Why Iâm watching this setup:
âą Daily trend: bullish EMA50/EMA200 stack
âą 4h trend: bullish EMA50/EMA200 stack
âą 1h trend: bullish EMA50/EMA200 stack
âą 1h RSI: 57.9, keeping momentum on the bullish side
â ïž Short-term momentum is the main concern. The 15m RSI z-score is â1.59 and the latest candle is â0.12%, showing sellers are currently pressing.
This is a strong setup by the signal count: 6/12 signals align, 3 disagree, and 3 remain undecided. So Iâd still wait for the entry zone instead of chasing.
Plan: take partial profit around TP1, then move the stop toward breakeven if the move confirms.
A break below $0.4903705 invalidates the long idea.
đŹ If you were fading this setup, where would you place your invalidation?
Full setup on the chart đ
