The ORDI variety has shown a significant downward trend in the past four hours. This trend has been maintained for nearly five days, and the current holder has recorded a profit of 23.82%. In view of the current considerable profits, if the price fails to successfully cross the 31.919 level, investors are advised to maintain a wait-and-see attitude until the next purple signal point appears (i.e., bearish buying opportunity) before considering closing positions.
For short-selling strategies, one should closely follow the guidance of technical indicators and pay attention to the lower support line at approximately 29.692. As for the top, the resistance level is solid near 40.343. The market outlook is optimistic and we are waiting for the short forces to break through this resistance level in one fell swoop.
