ORDI stabilizes and rebounds, how to choose between long and short in the short term?

Point Analysis

• Support Level: 27.74 (MA7), 23.28

• Resistance Level: 29.70 (MA25), 32.69, 35.48 (MA99)

Direction Prediction for Long and Short

ORDI has recently rebounded from a low of 23.28, and the current price has broken through MA7, but is still constrained by the resistance of MA25. The MACD indicator shows that bullish momentum is starting to increase, and the price has a chance to test the resistance at 29.70. If it breaks through, we will look further to 32.69. Continuous increase in trading volume is a key signal, and we need to pay attention to its sustainability.

If the price cannot stabilize above MA7, it may retest the support level at 27.74, or even fall back to 23.28.

Suggested Direction: The short-term inclination is bullish. It is recommended to gradually build positions in the 28.00-28.50 range, targeting 29.70 and 32.69, with a stop loss set below 27.00.