$ORDI Short Liquidation: $2.3662K at $28.47401 – Bulls Take the Reins!
A $2.3662K short liquidation at $28.47401 has sent the ORDI market into overdrive, signaling a potential breakout as bears retreat.
This forced liquidation has created upward momentum, with short-sellers scrambling to cover their positions.
The stage is now set for a thrilling move in the $ORDI price chart!
Important Details:
1. Liquidation Price: $28.47401
2. Liquidated Position: $2.3662K
3. Market Impact: This event is likely to fuel buying pressure, propelling the price higher as shorts cover their losses.
Next Move:
Watch for a rally: If $ORDI breaks above $29, it could signal further bullish momentum.
Look for a sustained breakout to enter long positions.
Monitor key resistance: Resistance around $30 is critical.
A break above this level could lead to a strong upward surge.
Set stop-loss: For a long entry, set a stop-loss near $27.50 to manage risk if the price unexpectedly reverses.
The battle between bulls and bears is intensifying—act swiftly and position yourself to ride the momentum!