📢$ORDI : 4-Hour Time Frame Technical Analysis📊
In recent market movements, we've observed a significant break from the previous uptrend 📉. This was followed by a retest, a subsequent decline, and a notable break of structure on the downside. Our team is monitoring these developments closely 👀, particularly the potential formation of a double bottom, which may have involved a liquidity grab at lower levels 🏦
At this stage, we will only confirm short positions if the price moves below the identified horizontal rectangle. Should the market instead move towards another retest of the trend, we will reassess and potentially initiate short positions from there 📌
Our approach remains cautious and strategic ⚖️, aiming to capitalize on clear market signals while mitigating risk 🚀
🔍Crypto Scouts analytics team
