$ONDO | SHORT TRADE SETUP
🎯 Entry Zone: 0.3593 – 0.3621
🛑 Stop Loss: 0.3681
✅ TP1: 0.3413
✅ TP2: 0.3360
✅ TP3: 0.3294
📊 Trade Thesis:
• The higher timeframe trend remains bearish, with the 4H structure clearly favoring downside continuation.
• Although the 1H chart is still developing, it has not produced any bullish signals strong enough to invalidate the current bearish outlook.
• A 15M volatility squeeze is unfolding beneath the EMA20, suggesting pressure is building for a potential move lower.
• MACD on the 1H timeframe continues to support bearish momentum.
• The 15M MACD has already turned bearish, reinforcing short-term downside expectations.
• RSI remains below bullish territory, indicating sellers are still in control of market direction.
⚠️ Manage risk accordingly and wait for confirmation within the entry zone before executing the trade.