The weekly line is a bullish candlestick with long upper and lower shadows forming a doji shape, with trading volume down by one-third compared to last week. The trading volume has been increasing over the past three weeks, and the weekly K line shows both upward and downward spikes, with intense battles between bulls and bears.
The weekly MA30 has started to flatten after a downtrend, and the MACD shows an increasing upward momentum below the zero axis.
The weekly level has closed above the MA30 for three consecutive weeks, and the next step is to wait for the oscillation accumulation to complete before the upward surge.
The daily line is a small bearish candle with long upper and lower shadows. The trading volume is slightly more than the previous day, still belonging to a wide range oscillation with a slight upward trend.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis.
The daily level trend is much prettier compared to SATS, so ORDI could potentially be the leader in the upcoming inscription market.
Contract players must pay attention to position and leverage ratios. This kind of short-term volatility can easily lead to losses. Spot players should buy on dips and hold onto their originally low-priced positions without easily exiting. If you can't swing trade, just hold steady.
Daily level resistance levels are 44-48-52-58, and support levels are 36-33.6-30.2.
