Short sellers control the game, below 28 it becomes a meat grinder!
From the 4-hour chart, ORDI has been on a downward trend since its peak at 28.5, even the attempts to rebound at 28 are as powerless as 'a kitten pouncing on fire,' leading to a direct Waterloo-like decline. Short-term moving averages firmly suppress the candlesticks, and the bulls' counterattack basically remains a dream. The combination of consecutive bearish candles and upper shadows shows that market trading volume is as withered as a desert; clearly, the funds have been scared away.
This round of short-selling patterns is already clear, and the downward trend has become a foregone conclusion. In the fluctuations, bulls should be careful not to become 'the bag holders.' In such a market, you need to align with the short sellers if you want to make a living!
The market changes rapidly; pay attention to Money Uncle, who will guide you to seek victory steadily and avoid the short-selling meat grinder!
