$ORDI Here’s a detailed analysis for Ordi Token based on the short liquidation data you provided.
Short Liquidation Overviewm
Short Liquidation Value: $9.709K
Price at Liquidation: $26.1839
The short liquidation means that traders who were betting on the price of $ORDI to go down short positions have been forced to close their positions at the price of $26.1839 due to price movements in the opposite direction. This often leads to additional buying pressure, which can push the price higher.
What’s Next for $ORDI
Short liquidations generally indicate a sudden price increase, as traders who were short are forced to buy back their positions, adding more buying volume. This can signal a potential bullish movement for $ORDI.
Here’s a breakdown of possible future price action.
Current Price. Around $26.18 based on liquidation.
Next Move. The price could continue to rise due to the buying pressure from the liquidation.
Buy Zone.
Primary Buy Zone. $25.50 to $26.00
This zone is critical. If the price drops into this range, it may present an opportunity to buy, assuming market conditions are favorable.
Secondary Buy Zone. $23.50 to $24.00
If the price corrects further down, this range could be another potential entry point for long positions.
Target Levels.
First Target. $30.00
The price could aim for this level as it continues to climb, driven by the short squeeze and market interest.
Second Target. $35.00
If the momentum continues strong and buying pressure keeps rising, $35 could be the next significant resistance level.
Stop Loss Levels.
First Stop Loss. $22.50
If the price breaks below this, it could signal that the bullish momentum is losing strength. This level provides some cushion for minor fluctuations while maintaining risk management.
Second Stop Loss. $21.00
A more conservative stop loss to avoid larger drawdowns in case the market sentiment turns bearish.
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