$ORDI Liquidation Alert
A $55,500 long position was liquidated at $46.95, revealing weakening buying momentum as sellers took control.
This event might signal a short-term bearish trend if key levels fail to hold.
Current Market View:
• Selling Pressure: The liquidation shows buyers were unable to sustain the price, leading to increased bearish activity.
Important Levels to Watch:
• Support: $46.50 – A breakdown below this could open the door for further declines.
• Resistance: $47.50 – Bulls need to reclaim this area to shift momentum.
What’s the Next Move?
• For Buyers: Look for potential entry opportunities near $46.50 if support shows strength. Use tight stop-losses.
• For Sellers: If the price breaks below $46.50, shorts could aim for $45.80 or lower.
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