ONDO/USDT | 4-Hour Order Block Rejection Trade Setup
This setup favors a short position if price reaches the OB zone and shows signs of rejection. A well-placed stop-loss and a clear target around $1.2888 provide an attractive risk-to-reward ratio (RRR). Waiting for confirmation (bearish price action, volume patterns, or lower time frame break) before entry would enhance trade confidence.
Entry: $1.4332, anticipating a rejection from the order block (OB) resistance.
Stop-Loss: Placed at $1.4786, above the OB zone to mitigate risk from liquidity grabs.
Take-Profit: Targeting the $1.2888 level for potential downside gains.
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