$ORDI Trading Strategy Update

🔎 Key Insight:

A long liquidation of $56.403K occurred at $29.15336, showing that bullish momentum has weakened. If the price holds key support levels, this may present a chance for recovery and a profitable trade setup.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter within $28.90 - $29.30. This range is close to potential support and offers an ideal entry point for a bounce.

2️⃣ Target Levels:

Target 1: $29.80 (initial resistance)

Target 2: $30.50 (mid-level target)

Target 3 (Stretch Goal): $31.20

3️⃣ Stop Loss:

Set a stop loss at $28.50 to limit potential losses in case the price breaks below support.

💡 Strategy Insights:

Volume Confirmation: Look for a spike in buying volume near $29.15 to confirm the potential for a rebound.

Risk Management: Use proper position sizing and avoid over-leveraging your capital.

Market Context: Keep an eye on broader crypto market trends, as they often influence $ORDI price movements.

🚨 Pro Tips for Success:

Be Patient: Enter only after the price stabilizes in the buy zone or shows signs of recovery.

Take Profits Gradually: Lock in gains at $29.80 and $30.50 while holding some for the stretch goal of $31.20.

Set Alerts: Use price alerts for $29.30 and $29.80 to stay informed about key levels without constant monitoring.

Stick to your trading plan, manage your risks wisely, and stay disciplined. Let the market work in your favor for consistent success!

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