$ORDI LIQUIDATION ALERT
A significant $80.3K long position was liquidated at $40.07!
The market is showing signs of weakness, and traders should proceed with caution.
What’s Next for $ORDI ?
This liquidation suggests a potential pullback.
Keep an eye on $38.00 as a critical support level. If it holds, there may be a chance for a recovery.
However, a breakdown below $39.50 could open the door for further downside, potentially testing $37.00.
Recommended Approach:
It’s wise to wait for price action to stabilize. Look for a potential bounce around $41.00 before considering any long positions.
Alternatively, a break above $43.00 could signal a bullish reversal.
Stay cautious and trade with a plan!
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