The Supply Zone Could Become A Seller's Paradise!
🔴 $ONDO — SHORT | LEANING SHORT
Trade Plan:
Current Price: ~$0.4084
Entry Zone: $0.4020–$0.4160
SL: $0.4390
TP1: $0.3966
TP2: $0.3830
TP3: $0.3588
ONDO is displaying a weaker daily structure despite its historically stronger weekly trend, creating an opportunity for a tactical bearish continuation trade. The current price of $0.4084 sits inside the proposed $0.4020–$0.4160 entry region, with the previously identified $0.4182 resistance acting as an important overhead liquidity reference. The broader $0.4182–$0.4321 supply region remains relevant because unsuccessful attempts to reclaim it could create lower highs and leave late buyers trapped. Look for bearish RSI divergence, declining buying volume and a lower-timeframe change of character to confirm that sellers are absorbing the recovery. A decisive breakdown below $0.3966 would expose $0.3830, followed by $0.3588 if downside momentum accelerates. The $0.4390 invalidation level protects against a stronger bullish reversal, while the weekly bullish background remains an opposing factor that traders must not ignore.
Will ONDO reject the $0.4182 resistance before breaking $0.3966?
Click below for trade 👇
DYOR & manage risk!
$ONDO
🔴 $ONDO — SHORT | LEANING SHORT
Trade Plan:
Current Price: ~$0.4084
Entry Zone: $0.4020–$0.4160
SL: $0.4390
TP1: $0.3966
TP2: $0.3830
TP3: $0.3588
ONDO is displaying a weaker daily structure despite its historically stronger weekly trend, creating an opportunity for a tactical bearish continuation trade. The current price of $0.4084 sits inside the proposed $0.4020–$0.4160 entry region, with the previously identified $0.4182 resistance acting as an important overhead liquidity reference. The broader $0.4182–$0.4321 supply region remains relevant because unsuccessful attempts to reclaim it could create lower highs and leave late buyers trapped. Look for bearish RSI divergence, declining buying volume and a lower-timeframe change of character to confirm that sellers are absorbing the recovery. A decisive breakdown below $0.3966 would expose $0.3830, followed by $0.3588 if downside momentum accelerates. The $0.4390 invalidation level protects against a stronger bullish reversal, while the weekly bullish background remains an opposing factor that traders must not ignore.
Will ONDO reject the $0.4182 resistance before breaking $0.3966?
Click below for trade 👇
DYOR & manage risk!
$ONDO
