$ONDO /USDT BEARISH PULLBACK IN PLAY — LOWER HIGHS CONFIRM SELL PRESSURE
Price action on the 1H chart is forming consistent lower highs with repeated rejection from the $0.87 zone, followed by a breakdown below $0.85 support. The recent weak bounce indicates a temporary relief, likely setting up for continuation to the downside.
Trade Setup (Short):
Entry Zone: $0.8440 – $0.8500
Take Profit (TP): $0.8280
Stop Loss (SL): $0.8590
Market Outlook:
The current downtrend is reinforced by lower highs and high-volume red candles. If the price fails to reclaim $0.8500 soon, more downside is expected. Ideal setup for short traders anticipating a retest of the recent lows.
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