$ORDI Trading Analysis
Entry Point:
Currently being liquidated at approximately $25.29, suggesting a potential short-term dip.
Target:
Bullish upside potential aimed at $30.00, driven by recent bullish sentiment in the market for $ORDI .
Stop Loss:
Set at $24.00 to mitigate risk associated with any further downward movements.
Win/Loss Ratio:
With a target of $30.00 and a stop loss of $24.00, the risk-reward ratio stands at 3:1, offering a favorable setup for traders.
Overall Summary:
$ORDI is at a critical juncture with the recent long liquidation. Keeping an eye on market trends will be essential as we capitalize on the current volatility. Focus on risk management to ensure a well-rounded trading strategy.