ORDI Volatility Downward! Are We Approaching Important Support?

Core Highlights: Support and Resistance Resonance, Potential Market Turning Point

Strategy Interpretation: Identify Key Levels, Efficiently Position for Potential Trades

Market Analysis:

ORDI has recently shown a downward volatility trend, remaining in a bearish dominant pattern overall. However, there are signs of increasing volume, which may suggest the nearing of a short-term directional decision. Currently, the price is running near a key support level, and market sentiment appears slightly cautious.

Three Support Levels and Three Resistance Levels:

• Support Levels: 25.50, 24.90, 24.20

• Resistance Levels: 27.00, 27.50, 28.50

Short-Term Trading Strategy:

Long Position:

• Entry Level: 25.60

• Add Position Level: 25.10

• Stop Loss Level: 24.10

• Take Profit Targets: First Target 27.00; Second Target 27.50; Third Target 28.50

Short Position:

• Entry Level: 27.00

• Add Position Level: 27.50

• Stop Loss Level: 28.60

• Take Profit Targets: First Target 25.50; Second Target 24.90; Third Target 24.20

My Prediction:

Overall, ORDI may test support in the short term before a rebound opportunity arises. It is recommended to gradually establish long positions near support levels.

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