$ORDI Liquidation Update: Short Squeeze in Play!
$71.4K Shorts Liquidated
Price Hit $48.37
The bears were caught off guard as ORDI surged, triggering significant short liquidations.
This move signals renewed bullish energy in the market, with buyers overpowering sellers at key levels.
Next Steps for $ORDI :
• Resistance Zone: Eyes on $50.00. Breaking above this level could lead to a sharp rally toward $55.
• Support to Watch: $46.50 is crucial for bulls to maintain control. A drop below may invite fresh selling pressure.
Momentum Indicator:
RSI nearing overbought levels—watch for signs of consolidation or potential cooling off.
Pro Tip:
Consider partial profit booking near resistance zones or wait for a confirmed breakout to ride the next wave higher.
Day traders should focus on tight stops due to high volatility.
Stay tuned—the battle at $50 could decide the short-term fate of ORDI!
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