$ORDI : Long Liquidation Creates a Key Opportunity!
📊 $8.0275K in longs liquidated at $29.55628, highlighting a shift in market dynamics. With bearish pressure evident, Ordinex ($ORDI ) is at a crucial level. Let’s analyze what’s next.
Key Levels to Watch
Support Zone: $29.00 - $29.50 (important level to hold).
Resistance Zone: $30.50 - $31.00 (breakout zone).
Potential Targets After Recovery:
1. $32.00 (short-term).
2. $34.50 (medium-term).
3. $38.00 (long-term).
Trading Plan for $ORDI
Buy Zone
Dip Entry: $29.00 - $29.50 (if support holds).
Breakout Entry: Add positions above $30.50 with confirmed volume.
Targets
1. Target 1: $32.00
2. Target 2: $34.50
3. Target 3: $38.00
Stop Loss
Stop Loss Level: $28.50 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If ORDI stays above $29.50 and breaks $30.50, a rally toward $32.00 and beyond is likely.
2. Bearish Scenario:
A fall below $28.50 may lead to further downside—avoid buying at that level.
💡 Tips:
Volume Confirmation: Look for strong buying volume before entering trades above $30.50.
Risk Management: Use a tight stop loss and focus on preserving capital.
ORDI is on the edge—Be ready for a decisive move! 🎯
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