$ORDI

/USDT Technical Analysis for with Three Target levels 🚀 🎯

Current Price: $40.99

Indicators:

Bollinger Bands (20, 2): Upper Band: $41.34, Middle Band: $40.77, Lower Band: $40.19

Parabolic SAR: $40.32

Volume: Relatively high, indicating active trading.

Trend Analysis:

7-day trend: +7.87% (Upward)

30-day trend: +11.88% (Upward)

90-day trend: +46.64% (Strong Uptrend)

Trade Signal:

Momentum: The price is currently above the Parabolic SAR, indicating bullish momentum. The close proximity of the price to the upper Bollinger Band ($41.34) suggests that the market could either continue to rise or face resistance. The high volume and upward momentum over the past 30 and 90 days indicate strength in the current trend.

Target Levels:

1. Target 1 (Short-Term): $41.50 – This is just above the upper Bollinger Band, where a small resistance could be expected. If the price breaks above this level, it would signal further bullish movement.

2. Target 2 (Mid-Term): $42.00 – A psychological resistance level, which is also the 24-hour high. A breakout above this could confirm a continuation of the upward trend.

3. Target 3 (Long-Term): $43.00 – A further upside potential if the price continues its strong bullish momentum seen over the past 90 days.

Stop Loss Level:

$39.20 – This is below the lower Bollinger Band and offers a solid level of support. A breach below this level could indicate a bearish reversal.

Strategy:

Buy Signal: Enter long positions around $40.80–$41.00, as the price is near the middle of the Bollinger Bands, with a bullish trend.

Sell Signal: Consider taking profits near $41.50 or $42.00, depending on market behavior. If the price breaks above these levels, you can look for continuation towards $43.00.

Risk Management: Use the stop loss at $39.20 to limit potential losses in case of a sudden downturn.