At present, I am not optimistic about ORDI in the long term. I have talked about it in the last article and video. But for this kind of hot currency, it is still very friendly for short-term trading.

Today, let's take a look at the four-hour short-term trend of ORDI:

1. The short-selling volume gradually decreases in the two waves of callbacks, indicating that the power of the short-selling is weakening.

2. There are two support levels below, one is the long-term rising trend line, and the other is the previous high position. The current price is close to the support level and has not fallen below.

3. The reversal pattern "Cross Morning Star" appeared near the support level, indicating that the market has stopped falling. 4. The positive line of the cross morning star is accompanied by the increase in volume, indicating that the bulls have begun to exert their strength.

Based on the above analysis, ORDI has stopped falling in the short term, and a reversal pattern has appeared near the support level, which will strengthen the effectiveness of the pattern, and it is expected to usher in a wave of rise in the short term. At present, this position is a good short-term entry point, and it is close to the support level below, which is convenient for setting stop loss.

#ordi​​​