Thrilling Update on $ORDI Short Liquidation.

The crypto markets never sleep, and neither do the liquidations.

A whopping $5,026.6 worth of $ORDI shorts got liquidated at a price of $28.94. This shows strong bullish momentum as shorts were squeezed out, likely due to aggressive buying or stop-loss triggers.

What's Happening.

Short Liquidation: This occurs when traders betting against the price (short sellers) are forced to close their positions due to the market moving against them.

Why at $28.85523.

This level might have been a key resistance zone, triggering buy orders and liquidating overleveraged shorts.

What Does It Mean.

1. Bullish Sign: Liquidation of shorts often suggests strong upward pressure.

2. Key Level: $28.85523 is now a level to watch for possible retests or consolidation.

3. Market Sentiment: Increased liquidation hints at volatility, with traders actively trying to outmaneuver one another.

Strategy for $ORDI Traders

If Bullish: Look for breakouts above $28.85; next targets could be $30+.

If Bearish: Watch for signs of rejection at resistance zones; a pullback to $27.50 could offer opportunities.

Key Zones to Watch:

Support: $27.50

Resistance: $30.00

#ORDI/USDT #CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge