【$ONDO Signal】Short position + decline accompanied by abnormal open interest
$ONDO Price decline accompanied by high open interest, market logic suggests caution for long liquidation or main force distribution risk. The current chart lacks a clear bottom absorption structure, and price action is relatively weak.
🎯 Direction: Short position
Waiting for clearer price action signals. The current decline with high open interest indicates a high-risk stage. Prioritize observing whether the price can form healthy absorption and a decrease in open interest at key support zones (such as 0.25-0.26). Until then, risk outweighs opportunity.
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【$ONDO Signal】Short position + decline accompanied by abnormal open interest
$ONDO Price decline accompanied by high open interest, market logic suggests caution for long liquidation or main force distribution risk. The current chart lacks a clear bottom absorption structure, and price action is relatively weak.
🎯 Direction: Short position
Waiting for clearer price action signals. The current decline with high open interest indicates a high-risk stage. Prioritize observing whether the price can form healthy absorption and a decrease in open interest at key support zones (such as 0.25-0.26). Until then, risk outweighs opportunity.
Trade 👇 $ONDO
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