ONDO is facing immediate overhead pressure. Whales are actively defending current levels.
$ONDO
Bias:
Bearish due to overhead whale resistance.
Trade Plan
Entry: 0.3894
SL: 0.390765
TP: 0.387645 / 0.351465
Market Evidence:
• Whale resistance: Sell-side prints detected on the order book.
• Orderflow: Taker SELL dominance confirms active distribution.
• Positioning: Long-heavy L/S ratio (1.37) suggests liquidation risk.
Risk:
• Sideways market regime limits volatility and downside potential.
Watch:
Monitor for a break above 0.3907 to invalidate the short thesis.
#ONDO #CryptoTrading #Orderflow
$ONDO
Bias:
Bearish due to overhead whale resistance.
Trade Plan
Entry: 0.3894
SL: 0.390765
TP: 0.387645 / 0.351465
Market Evidence:
• Whale resistance: Sell-side prints detected on the order book.
• Orderflow: Taker SELL dominance confirms active distribution.
• Positioning: Long-heavy L/S ratio (1.37) suggests liquidation risk.
Risk:
• Sideways market regime limits volatility and downside potential.
Watch:
Monitor for a break above 0.3907 to invalidate the short thesis.
#ONDO #CryptoTrading #Orderflow
