The current price of ORDI/USDT stands at $77.89. Traders are closely monitoring the 4-hour 50 Exponential Moving Average (EMA) support level, which is holding firm at $77. If there's a breakout above the trendline from this point, a long position will be initiated.
Strategy Overview:
Entry Point: A breakout above the trendline.
Target: The target range for the long position is set between $82 to $84.
Stop Loss (SL): The stop loss is placed at the 4-hour candle close below $77.
Monitoring: Traders are advised to keep a vigilant eye on ORDI/USDT for potential opportunities and developments.
By adhering to this strategy, traders aim to capitalize on potential upward movements in ORDI/USDT, while managing risk through the defined entry, target, and stop-loss levels.
Remember, trading involves inherent risks, and it's crucial to conduct thorough analysis and risk management before executing any trades.
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