A $13.883K short position in $ORDI was liquidated at $35.57049, showing strong buying pressure and bullish momentum. Here's the breakdown and what might come next:
1. Market Sentiment
Short liquidations reveal sellers being overpowered by buyers.
Bulls are likely in control, pushing the price higher.
2. Key Levels to Watch
Resistance: $36.00 is the next psychological barrier. A breakout here could fuel further rallies.
Support: $34.50–$35.00 serves as a potential floor if the price dips.
3. What You Should Do
For Long-Term Holders: Monitor if $ORDI holds above $35.50; staying above this level confirms strength.
For Traders:
Wait for a breakout above $36.00 or a pullback to $35.00 for safer entries.
Manage risk with stop-losses to avoid volatility traps.
4. Market Context
If more shorts get liquidated, could see further price surges.
Watch overall crypto market trends for confirmation of continued bullish sentiment.
Stay alert—could be primed for an exciting run ahead!