ORDI is ready to go! Key point analysis and operation guide
Market situation
ORDI's current price is $29.35, up 1.77% on the day. From the 4-hour line, the price stands firm on the moving average support, the trading volume shows signs of amplification, and the market sentiment tends to be positive. The RSI indicator shows the potential for an upward trend, and a breakthrough may be ushered in in the short term.
Support and resistance
• Support level: $28.90, $28.28, $27.39
• Resistance level: $30.39, $31.00, $32.00
Operation strategy
1. Long strategy
• Entry point: $28.90-$29.20
• Target point: $30.39, $31.00, $32.00
• Stop loss point: $28.50
2. Short strategy
• Entry point: $30.39-$30.60
• Target point: $29.50, $29.00
• Stop loss point: $31.00
Outlook
If it breaks through $30.39, it will challenge $31.00 and $32.00. If it fails to effectively stand at the support level of $28.90, it may test $28.28 in the short term. Overall, ORDI's momentum is still accumulating, and it is expected to usher in an upward trend in the short term, which is suitable for trending operations.
Seize the market trend and increase the profit potential! I wish you a smooth transaction!