$ORDI Short Liquidation Alert

A short position worth $29,995 was liquidated at $36.91638 for ORDI (Ordinal).

This shows that traders betting on a price drop were forced to cover their positions as the price surged.

What Does It Mean?

1. Bullish Momentum:

Short liquidations drive buying pressure, which could push ORDI’s price even higher.

2. Increased Market Volatility:

Expect sharp price swings as traders react to this move.

What’s Next for ORDI?

Resistance Zone: $37-$40. A breakout above this range could lead to more gains.

Support Level: $36. Bulls must hold this level to maintain upward momentum.

Market Sentiment: Continued bullish momentum could attract more buyers, but caution for pullbacks is key.

Trading Tips:

Watch the $37 level for potential breakout signals.

Use stop-loss orders to manage risk during market volatility.

Stay informed on Ordinal-related news that could influence price action.

Act fast—liquidation events can spark rapid price changes and trading opportunities!

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