$ORDI Breaks Through: $1.0071K Short Liquidation at $29.10633!
A significant $1.0071K short position on ORDI has been liquidated at $29.10633, sparking intense market activity.
This bullish momentum hints at a critical breakout, forcing short sellers to exit while buyers drive prices higher.
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Key Details:
Liquidation Value: $1.0071K
Liquidation Price: $29.10633
Market Sentiment: Bullish, with increasing upward pressure.
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Next Move:
1. For Bullish Traders:
Enter long positions if $ORDI sustains above $29.10.
Target $30.00-$31.00, key resistance zones.
Place a stop-loss at $28.80 to safeguard against downside risk.
2. For Bearish Traders:
Look for a rejection near $30.00-$31.00 before opening short positions.
Use a stop-loss at $31.50 in case of further bullish continuation.
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Strategic Outlook:
Breakout Momentum: If $ORDI maintains its position above $29.10, expect more liquidations, driving the price to new highs.
Pullback Potential: A failure to hold could see prices retrace to $28.50-$28.00, where bearish trades could re-enter.
ORDI is heating up—brace for more volatility and plan your next move strategically!