Today, we will use the Qianlong tactics to analyze the four-hour short-term market of ORDI.
1. After ORDI broke through the Sanchuan bottom formed by the four-hour bottom with large volume, it entered an upward trend. Although it is currently in a correction, the upward trend has not changed.
2. After the correction to the lower support level, a hammer line with large volume appears, indicating that the support below is very strong, and the large volume indicates that the bulls are strong.
3. Although there is no stop-fall after the hammer line, it is falling in a shrinking volume, and the price has not broken the lowest price of the hammer line. This is an inertial decline.
4. From the perspective of the Bollinger track, it is currently back to the Bollinger middle track. The middle track has a supporting effect, and the white line below is also a support. The double support is very effective.
Judging from the above clues, ORDI is currently bullish in the four hours, and a stop-fall signal has appeared at an important support level. This position is a short-term entry point, and there will be a wave of rising market in the future.
