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$ONDO (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.3160 - 0.3240
Targets:
TP1: 0.3060
TP2: 0.2970
TP3: 0.2890
Stop Loss: 0.3295
Why this Setup:
I’m seeing price pushing into a clear resistance area after a strong intraday run, and the candles near the top show some fading momentum. I want to short a rejection from this zone and look for a pullback toward the prior breakout areas if buyers lose control.
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