$ONDO keeps getting sold into strength
$ONDO · SHORT · Conf 70%
Trade Plan:
Entry: 0.35070 - 0.35314
SL: 0.35778
TP1: 0.34410
TP2: 0.33728
TP3: 0.33045
TP4: 0.32363
R:R about 2.5 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
ONDO/USDT 0.35070, -4.88% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 above EMA50, short-term momentum up
- 4H trend leaning down
- RSI(14) at 36.2 with volume x1.40 against the 20-bar average.
- Invalidation is unambiguous: through 0.35778 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.35052 · 0.34730 · 0.34410 | R 0.35486 · 0.35775 · 0.36340
Debate:
Shorting a downtrend is easy until it is not. Where does this ONDO idea break?
Trade ONDO: spot https://www.binance.com/en/trade/ONDO_USDT | futures https://www.binance.com/en/futures/ONDOUSDT
$ONDO #ONDO #Write2Earn #CryptoMarkets #MarketOutlook
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.