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ONDO’s 4-hour EMA dead cross—what are you waiting for?
$ONDO /USDT - SHORT sell
Trading plan:
Entry: 0.3473 – 0.3493
SL: 0.3583
TP1: 0.3408
TP2: 0.3358
TP3: 0.3283
Why focus on this setup?
- The 4-hour direction is clearly SHORT, with 55.4 confidence; after ranging, the probability of breaking down is high
- The 15-minute RSI is only 55.3—rebounds lack strength; bears are building momentum
- Current price is 0.3483, with TP1 at 0.3408; the reward-to-risk is over 2:1—why now? Because 0.3508 is an invalid level; if it breaks, the short position would be invalid, but the probability is low
Discussion:
Will this leg reach TP1 first, or will it wick up to bait longs? Have you placed your order?