ORDI Low-level Consolidation, Bears Still Dominant
Market Analysis:
After a significant decline, ORDI is currently in a low-level consolidation phase, with weak buying power and a strong bearish sentiment remaining. In the short term, it may continue to test the support below, so caution is advised.
Support and Resistance Levels:
• Support Levels: 33.50, 32.00, 30.50
• Resistance Levels: 36.00, 38.00, 40.00
Short-term Trading Strategy:
Long Strategy:
• Entry Point: 33.50
• Add Position Point: 32.50
• Stop Loss Point: 30.00
• Take Profit Targets: 36.00, 37.50, 39.50
Short Strategy:
• Entry Point: 36.00
• Add Position Point: 37.50
• Stop Loss Point: 40.50
• Take Profit Targets: 34.50, 33.00, 31.50
My Prediction:
The current trend of ORDI remains bearish, and in the short term, it may further test the support levels. It is recommended to try a small long position near the support and wait for a rebound opportunity.
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