“ORDI Weak Fluctuation, How to Seize Short-term Opportunities?”
Market Analysis:
ORDI is currently showing weak performance, with prices maintaining low fluctuations, and a stalemate between short-term buying and selling forces. There is strong resistance above, making it difficult to break through in the short term, while support is relatively close, necessitating caution against the risk of a breakdown.
Support and Resistance Levels:
• Support Levels: 34.50, 33.20, 31.00
• Resistance Levels: 36.00, 38.00, 40.50
Short-term Trading Strategy:
Long Strategy:
• Entry Point: 34.50
• Add Position Point: 33.20
• Stop Loss Point: 30.70
• Take Profit Targets: 36.00, 38.00, 40.50
• Position Distribution: 50%-30%-20%
Short Strategy:
• Entry Point: 36.00
• Add Position Point: 38.00
• Stop Loss Point: 40.80
• Take Profit Targets: 34.50, 33.20, 31.00
• Position Distribution: 50%-30%-20%
My Prediction:
ORDI is currently showing weak performance, with a high likelihood of testing support levels downwards in the short term. It is recommended to focus on shorting at high levels, paying attention to the resistance around 36.00.
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