$ORDI Here is the detailed and unique analysis for $ORDI, considering the recent liquidation event.
Overview.
Long Liquidation.
$9,989.5K at $28.01327 suggests a significant amount of selling pressure in this range.
This means that many traders were long expecting the price to rise but the price dropped, triggering their liquidations.
Current Scenario.
The market sentiment may turn bearish in the short term due to this liquidation.
However, it could also create a potential buying opportunity if the price finds strong support.
Trading Plan for $ORDI
Buy Zone.
First Entry. $25.50 to $26.50
Second Entry Safe Zone. $24.00 to $25.00
Targets.
1. Short Term Target: $28.50
2. Mid Term Target: $30.00
3. Long TermTarget: $32.00
Stop Loss.
Place a stop loss below $23.50 to manage risks effectively.
Key Notes.
1. Trend Analysis.
If $ORDI reclaims $28.00 and sustains above it, the bullish trend might resume.
Watch for a breakout above $30.00 for further confirmation of upward momentum.
2. Volume Confirmation.
Look for increased trading volume near the buy zone to ensure strong support.
3. Risk Management.
Never invest more than you can afford to lose.
Use proper position sizing based on your account balance.
4. Market Sentiment.
If Bitcoin or the broader crypto market shows weakness, it could impact $ORDI negatively.
Actionable Steps.
1. Wait for the price to approach the Buy Zone.
2. Confirm support and enter gradually split your capital into two entries.
3. Set the stop loss at $23.50 immediately after entry.
4. Track targets, booking partial profits at each level.
Let me know if you need further clarifications.
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