ORDI: Bearish Weakness, Short-Term Counterattack Ready to Launch?
Market Analysis
ORDI has not performed too poorly recently; after a period of decline, the market has begun to show some signs of rebound. Although the bulls have not temporarily occupied an absolute advantage, the power of the bears has clearly weakened, and the overall rhythm is tending to stabilize. Currently, market sentiment is somewhat tentative, and the key is whether the next step can hold the support level and break through the resistance level upwards.
Support and Resistance Levels
• Support Levels: 35.00, 33.50, 31.00
• Resistance Levels: 36.80, 38.50, 40.00
Short-Term Trading Strategy
Long Strategy:
• Entry Point: 35.20
• Add Position Point: 33.70
• Stop Loss Point: 30.80
• Take Profit Targets: 36.80, 38.50, 40.00
Short Strategy:
• Entry Point: 36.80
• Add Position Point: 38.50
• Stop Loss Point: 40.50
• Take Profit Targets: 35.20, 33.70, 31.00
My Prediction
The current situation for ORDI is more suitable for going long, with strong stability at the support levels and gradually weakening bearish power. If it can break through the first resistance level with increased volume, significant upward space is expected in the short term. When operating, be sure to enter in batches to mitigate risks while maximizing profits.
【Welcome to follow, don’t get lost. Every day I will analyze the trends and points of mainstream currencies and popular altcoins. Wishing everyone prosperity, let’s enjoy a prosperous year together!】