$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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