ONDO is a contrarian short against the daily trend.

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

Entry: 0.4630286 – 0.4649714
TP1: 0.4467012 (-3.7%)
TP2: 0.4351687 (-6.2%)
TP3: 0.4178699 (-9.9%)
SL: 0.4870651 (+5.0%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Caution: counter-trend setup against the bigger trend, only 5 signals confirm it. Size down, respect the stop.

Why SHORT? ONDO checklist: 5/12 signals agree, 1 against, 6 undecided
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• BTC backdrop: BTC trend is bearish and correlation is 0.82 → BTC is falling and this coin tends to follow
• 4h RSI: 38.2, bearish momentum (below 45) → sellers have the momentum
Watch: Daily trend: price > EMA50 > EMA200, bullish stack → the big-picture trend is up
Watch: The idea is wrong if price reaches the stop at 0.4870651

Verdict: The 1h bearish trend stack and RSI momentum support the short, but the daily bullish trend argues against it, so conviction is only moderate.

Where do you set your stop if you are not shorting at the entry?

Chart with every level 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.