$ONDO REJECTING KEY SUPPLY ZONE – SHORT SETUP IS CLEAR ⚡
Entry: 0.326 - 0.336 🔥
Target: 0.313, 0.298, 0.281 🚀
Stop Loss: 0.360 ⚠️
Price is testing a well-established supply zone at 0.326-0.336, where selling pressure has historically increased. The latest spike above this area appears to be a liquidity grab to trap late longs, reinforced by a bearish RSI divergence on the 1-hour chart. This structure suggests a rejection is likely, targeting the next support levels below.
Volume profile shows decreasing buying momentum as price approaches resistance. The risk-to-reward ratio here supports a tactical short entry. Are you waiting for a confirmed rejection candle or entering at these levels?
Not financial advice. Always manage your risk.
#ONDO #ShortSetup #SupplyZone #LiquidityGrab
⚡
Entry: 0.326 - 0.336 🔥
Target: 0.313, 0.298, 0.281 🚀
Stop Loss: 0.360 ⚠️
Price is testing a well-established supply zone at 0.326-0.336, where selling pressure has historically increased. The latest spike above this area appears to be a liquidity grab to trap late longs, reinforced by a bearish RSI divergence on the 1-hour chart. This structure suggests a rejection is likely, targeting the next support levels below.
Volume profile shows decreasing buying momentum as price approaches resistance. The risk-to-reward ratio here supports a tactical short entry. Are you waiting for a confirmed rejection candle or entering at these levels?
Not financial advice. Always manage your risk.
#ONDO #ShortSetup #SupplyZone #LiquidityGrab
⚡