$ORDI has recently seen a significant long liquidation of $7.16K at a price level of $25.66. This means that traders who were betting on the price going higher (long positions) had to sell off their positions due to market conditions, which can create short-term price pressure.

What’s Next for $ORDI.

After a long liquidation, we need to keep an eye on the price action and potential support/resistance levels to identify the next move.

1. Current Market Conditions.

After this liquidation, we might see a short-term dip. However, depending on overall market sentiment and the strength of support zones, $ORDI could find a bottom and begin its next upward journey.

2. Key Levels to Watch.

Buy Zone: If drops to $22.50 - $23.00, this could be a strong support level for buying. Buyers might step in around these levels, looking to take advantage of the dip.

Target.

The next resistance level could be around $28.00 - $30.00. If the price breaks above this zone, $ORDI could push higher.

Stop Loss.

For safety, a stop loss below $21.00 would protect you from a further downtrend if the market turns against the position.

Strategy for Traders.

For Buyers: Look for an entry in the $22.50 - $23.00 range with a target around $28.00. Set your stop loss at $21.00 to limit risk.

For Short Sellers.

If the price starts to struggle at the resistance zone around $28.00, it could be a good place to enter shorts with a stop at $30.00.

Final Words.

Always keep an eye on market trends and the overall crypto sentiment, as unexpected events can affect the market quickly. Stay patient and trade with caution.

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