📉 $ONDO / USDT BREAKS THE CHANNEL — DOWNTREND EXTENSION OR BOUNCE AHEAD?

$ONDO has just broken below its descending channel on the 15m chart, triggering a possible short setup with clear downside momentum! This pattern break could lead to a quick flush — unless bulls manage to reclaim the zone fast.

🔻 Trend Snapshot:

• Strong downward channel pattern

• Bearish breakout confirmation candle

• Rejection at $0.8485 zone keeps pressure on

📊 Trade Setup (Short Bias):

• Entry: $0.8350

• Take Profit: $0.8106

• Stop Loss: $0.8485

• Risk-Reward Ratio: 2.0+

🧠 Watch the $0.8340–$0.8360 range closely. A weak bounce here could mean continuation to the downside. However, reclaiming above the channel top may invalidate the short setup.

#ONDO #CryptoTrading #BinanceFutures #TechnicalAnalysis #ShortSetup