Thrilling $ORDI Liquidation Update
A massive $6,497.6 worth of $ORDI long positions were just liquidated at $23.4911!
The pressure is real, and the market volatility is kicking into high gear. With this liquidation, the bears seem to be gaining the upper hand, shaking out over-leveraged positions and driving uncertainty into the market.
What’s Next?
1. Market Sentiment:
This liquidation could trigger a domino effect as traders adjust their positions. Watch closely for signs of panic selling or swift rebounds.
2. Key Levels to Watch:
Support: Look for $ORDI to find stability around key support zones. If $23.4911 breaks decisively, the next supports could be in the $21-$22 range.
Resistance: If bulls recover, resistance could form near $25-$26, where selling pressure might re-emerge.
3. Your Next Move:
For Traders: Stay cautious with leverage. Set tight stop-losses and consider smaller positions to ride this wave of volatility