ONDO is battling a broken bullish swing point, now testing a tight demand zone near 0.12 as sellers seize control.
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๐ด
$ONDO SHORT ๐
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๐ Entry Range: $0.373426 โ $0.374174
๐ Stop Loss: $0.385014 (-3.0%)
๐ฏ TP1: $0.368193 (+1.5%)
๐ TP2: $0.355110 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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The market structure flip showed a clear change of character, the volume delta spiked bearish on the CVD, and a fair value gap lines up with a prior order block, creating a strong POI. With the break of the swing high, the confluence of OB and FVG reinforces the short bias, making the setup worth a 64% confidence call.
A 3.0% stop is relatively tight for this volatility, so a modest 2โ3x leverage is advisable.
Consider taking half profit once price reaches the first target around 0.105.
Not financial advice โ trade only what you can afford to lose ๐
$ONDO #ONDOUSDT #SMC #TradingSignals #Write2Earn