ORDI Consolidation, Waiting for the Bull-Bear Showdown
Market Analysis
ORDI is currently showing overall weakness, with no obvious rebound signals after a continuous decline. The market is in a standoff between bulls and bears, and short-term traders need to be cautious about chasing gains and cutting losses.
Support and Resistance Levels
• Support Levels: 25.20, 24.50, 23.30
• Resistance Levels: 26.80, 28.00, 29.50
Short-Term Trading Strategies
Long Strategy (Bullish):
• Entry Point: 25.30
• Add Position Point: 24.50
• Stop Loss Point: 23.20
• Take Profit Targets: 26.80, 28.00, 29.50
Short Strategy (Bearish):
• Entry Point: 26.80
• Add Position Point: 28.00
• Stop Loss Point: 29.60
• Take Profit Targets: 25.20, 24.50, 23.30
My Prediction
In the short term, ORDI may continue to decline, with bears in control. It is recommended to primarily adopt a short strategy, targeting the lower support levels.
Daily, I will share analyses of mainstream coins and altcoins with the brothers. You can click on the coin pair tags within the article for trading. Wishing brothers and sisters abundant profits!