Is ONDO starting to slide while the range plays out?

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

Entry: 0.4058432 – 0.4067568
TP1: 0.3982130 (-2.0%)
TP2: 0.3928216 (-3.3%)
TP3: 0.3847346 (-5.3%)
SL: 0.4170827 (+2.7%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? 5/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers have the momentum (4h RSI 30.8)

Quick ONDO read:
1/3 The 4h trend shows price below EMA50 and EMA200 stacked, a bearish stack pointing down.
2/3 The 1h RSI sits at 35.8 below 45, meaning sellers have the momentum right now.
3/3 If ONDO reclaims the 1h EMA50 and pushes above entry_high 0.4067568 the setup breaks.

Where would you put your invalidation level for this ONDO short?

Levels mapped on the chart below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.