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Most traders are long ONDO right now—I just flipped SHORT at 0.3761.
$ONDO /USDT - SHORT
Trade Plan:
Entry: 0.3746 – 0.3776
SL: 0.3904
TP1: 0.3654
TP2: 0.3583
TP3: 0.3476
Why this setup?
Why now? RSI on 15m is 60.99, still overbought for a range-bound 1D trend. 4h bias is SHORT with 55% confidence. Entry at 0.3761 with tight SL at 0.3904—risk/reward favors TP1 at 0.3654 or TP2 at 0.3583. This isn’t a breakout; it’s a mean reversion play.
Debate:
Does ONDO dump to 0.3583 first, or do we get rejected at 0.3776 and fade earlier?