$ORDI LONG LIQUIDATION ALERT
Overview:
ORDI has faced a long liquidation worth $7.1422K at $26.1716, indicating significant selling pressure.
However, such liquidations often provide opportunities for buyers to step in at discounted levels, potentially leading to a recovery.
Key Levels to Watch:
Buy Zone: $25.80 - $26.20
Target Zone: $27.00, $28.50, $30.00
Stop Loss: $25.50
Next Steps:
1. Entry Point: Monitor $ORDI ’s price action near the $25.80 - $26.20 range. Enter a position if the price stabilizes and shows signs of a rebound.
2. Target Levels:
First Target: $27.00
Second Target: $28.50
Third Target: $30.00
Take profits incrementally as $ORDI moves toward these targets.
3. Stop Loss: Place a stop loss at $25.50 to manage risk in case of further downside movement.
Why It’s a Potential Opportunity:
Long liquidations often create temporary dips, allowing buyers to enter at lower levels.
A bounce above $26.1716 could signal renewed bullish momentum, offering room for upward movement.
Reminder:
Confirm support and upward momentum before entering a trade.
Practice strict risk management to protect your position.
Be ready to capitalize on ORDI’s potential recovery and ride the wave to higher levels! 🚀
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