$ORDI Long Liquidation Alert: A Game-Changing Move!
Liquidation Details:
Liquidated Amount: $56,400
Trigger Price: $29.15
What Just Happened?
This large-scale long liquidation reveals intense bearish pressure, forcing bulls out of the market.
ORDI is now in a critical zone where volatility could spike dramatically.
Key Levels to Watch:
Support Zone: $28.50–$29.00 (a breakdown here could lead to further bearish momentum).
Resistance Zone: $30.00–$30.50 (bulls must reclaim this level to signal recovery).
Next Moves:
1. Bearish Scenario:
If $ORDI slips below $29.00, expect a further drop toward $27.50–$28.00, driven by increased selling pressure.
2. Bullish Scenario:
A strong bounce above $29.50 could signal buyer re-entry, targeting a rally toward $31.00–$32.00, especially if volume surges.
Stop Loss Recommendations:
For Long Positions: Place a stop loss at $28.50 to protect against deeper losses.
For Short Positions: Set a stop at $30.50 to guard against a potential short squeeze.
$ORDI is entering a high-stakes zone—stay sharp and prepare for explosive price action!