Shanzhai has no technical aspect to speak of

Analysis of ORDI Current Status and Short-term Strategy Layout!

Market Overview:
The current price of ORDI is $35.05, with a 24-hour decline of 22.16%. The highest reached $46.44, and the lowest dropped to $32.68. The price shows a clear downward trend, with trading volume continuously increasing, and market sentiment is relatively panicked.

Technical Analysis and Key Levels:
• Support Levels: $33.00, $32.00, $30.00
• Resistance Levels: $37.00, $39.00, $42.00

From the 4-hour chart, the price has broken below the moving average support, with an RSI (6) of only 4.29, indicating an extreme oversold condition. MACD bears are continuously increasing, and there may be a technical rebound opportunity in the short term.

Short-term Contract Strategy:
1. Long Position Strategy:
• Entry Point: $33.00-$34.00
• Add Position Point: $32.00
• Stop Loss Point: $30.00
• Take Profit Points:
1. $37.00
2. $39.00
3. $42.00
• Position Allocation: 50%-30%-20%
2. Short Position Strategy:
• Entry Point: $37.00-$38.00
• Add Position Point: $39.00
• Stop Loss Point: $42.00
• Take Profit Points:
1. $34.00
2. $32.00
3. $30.00
• Position Allocation: 40%-40%-20%

ORDI is currently severely oversold, and a technical rebound may unfold in the short term. Pay attention to the possibility of breaking through the $37.00 resistance level; however, if it continues to decline and breaks below $32.00, it may further drop to around $30.00.

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