$ORDI Short Squeeze: $63.1K Liquidated at $27.28!
The bears are feeling the heat as $63.1K in shorts were liquidated when $ORDI surged to $27.28.
This aggressive upward move triggered a cascading squeeze, pushing short sellers out of their positions and fueling the rally further.
With momentum building, the market is now at a critical juncture.
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Key Details:
1. Liquidation Amount: $63,100 (short positions).
2. Trigger Price: $27.28 wiped out over-leveraged shorts.$ordi
3. Market Sentiment: Bullish momentum is strong, with potential for further upside if resistance zones break.
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Next Move Strategy:
1. For Long Traders: Ride the momentum, but watch the $28-$30 resistance zone closely.
Tighten stop-losses as volatility could spike.
2. For Short Traders: Avoid re-entering shorts until clear rejection signals appear around $28-$30.
A breakout could lead to further pain.
3. For Neutral Traders: Watch for consolidation or a pullback near $26-$27 for potential entry points, depending on market strength.$ORDI
The squeeze isn't over—expect fireworks ahead!
Trade with caution.