๐จ$ORDI /USDT - A Bearish Dip in the Meme Coin Market๐จ
Overview
The ORDI/USDT pair is currently experiencing a bearish trend. The price has declined significantly over the past 24 hours, with the chart dominated by red candlesticks. This indicates strong bearish momentum. The MACD indicator is also pointing downwards, further confirming the bearish sentiment.
Trade Scenarios
* Short Position:
* Entry: Current Price or a slight dip
* TP1: 40.00
* TP2: 38.00
* SL: 42.00
Market Outlook
The overall outlook for ORDI/USDT remains bearish in the short term. However, it's important to monitor the market closely for any signs of a potential reversal. Traders should keep an eye on the MACD indicator and price action for clues about the future direction of the market.
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