$ORDI Long Liquidation: $147.73K at $35.36693!

Details:

Type: Long Position Liquidation

Liquidated Amount: $147.73K

Price Level: $35.36693

What Happened?

ORDI faced a sharp decline, causing a massive liquidation of long positions at $35.36693.

This large liquidation has added significant selling pressure, pushing the price down further.

What’s Next?

1. Key Levels to Monitor:

Resistance: $36.50 – Breaking this level could indicate a possible reversal or recovery.

Support: $34.00 – If the price holds above this support, it may stabilize.

2. Market Sentiment:

Bearish: The large liquidation suggests growing bearish sentiment and increased selling pressure.

Next Target: If the support at $34.00 is lost, further declines toward $32.50 could follow.

3. Action Plan for Traders:

For Buyers: Wait for clear signs of stabilization near $34.00 before considering buying.

For Sellers: If resistance holds at $36.50, short positions could present opportunities.

Conclusion:

ORDI's significant long liquidation has triggered a bearish shift in the market.

Watch for key levels around $34.00 and $36.50 to guide your trading decisions.

Exercise caution as volatility increases!

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