ORDI Bull-Bear Showdown, Is There a Hidden Turning Point at the Low?
Analysis of Support and Resistance, How to Grasp Key Ranges?
Short-term Strategy Released, Profit Potential Clearly Visible!
Market Analysis
ORDI price fluctuations are gradually narrowing, and market sentiment appears somewhat cautious, currently in a downtrend phase. However, from recent performance, the bulls seem to have a tentative intention to rally, and it is necessary to observe whether they can break through the key resistance level.
Support and Resistance
• Support Levels: $25.50, $24.80, $24.20
• Resistance Levels: $26.50, $27.30, $28.00
Short-term Trading Strategy
1. Long Position Plan
• Entry: $25.50
• Add Position: $24.80
• Stop Loss: $24.10
• Take Profit: $26.50, $27.30, $28.00
2. Short Position Plan
• Entry: $26.50
• Add Position: $27.30
• Stop Loss: $28.20
• Take Profit: $25.50, $24.80, $24.20
My Prediction
Mainly bearish, if the price breaks below the $25.50 support, the bearish momentum may further release.
【Every day I will share analyses of mainstream coins and altcoins with my brothers, everyone can click on the coin pair tags in the article for trading, wishing my brothers and sisters a bountiful profit!】