ONDO is battling below its 4โhour swing low, and the price is squeezing into a tight range. Every bounce is getting smothered by fresh sell pressure.
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๐ด
$ONDO SHORT ๐
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๐ Entry Range: $0.358841 โ $0.359559
๐ Stop Loss: $0.369976 (-3.0%)
๐ฏ TP1: $0.353812 (+1.5%)
๐ TP2: $0.341240 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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A clear change of character broke the descending structure, and the CVD turned negative confirming the down move. The fair value gap aligns with a bearish order block, and a liquidity sweep just ate the last buy stop. The overlap of the order block and the FVG creates a POI that backs the short bias.
With a 3โฏ% SL thatโs about 33โฏpips on current volatility, using 1.5โ2ร leverage keeps the trade within a 1โฏ% risk budget.
Consider closing half the position at TP1 to lock in the initial profit.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$ONDO #ONDOUSDT #Bitcoin #TradingSignals #Write2Earn