$ORDI Long Liquidation Alert

A major $96.4K long position in ORDI was liquidated at $33.52,

signaling intense selling pressure that forced bullish traders to exit their positions.

Key Insights:

1. Bearish Sentiment:

Significant long liquidation reflects strong downward momentum.

2. Price Pressure:

A dip below support levels may indicate further weakness in the short term.

What’s Next for ORDI?

Support Level: $33.00. A break below could accelerate selling.

Resistance Zone: $34.00-$34.50. A recovery above this may indicate renewed buyer interest.

Market Outlook: Bearish, with caution advised for traders.

Trading Tips:

Monitor the $33.00 level for signs of stability or further drops.

Consider short positions if the price stays below resistance.

Use tight stop-loss orders to manage risk in this volatile phase.

Caution: The bearish trend could dominate in the short term—trade wisely!

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