$ONDO Divergence is appearing, strong downward pressure is building 🔻
Short Trading Plan for ONDO (20x)
Entry: 0.448 – 0.450
SL: 0.460
TP1: 0.435
TP2: 0.425
TP3: 0.415
$ONDO is showing clear signs of divergence, and strong downward pressure is building. The price is pushing up to the 0.448 – 0.450 region, but momentum is weakening, indicating an impending decline.
The stop loss is placed at 0.460, a relatively clean level above the resistance zone. If it is swept, there's no regret. However, if the downward pressure continues, targets of 0.435 → 0.429 → 0.420 are entirely feasible.
The distance from entry to stop loss is quite close (~2.2-2.7%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
With the appearance of divergence, will the downward pressure be strong? Have you entered a short trade yet? Comment to discuss!