---$ORDI
**๐ ORDI/USDT Technical Analysis - Daily Chart**
**Current Price**: $30.48 (+3.40%)
**Resistance Zone**: Around $80
**Historical Support Zone**: Around $20
The price is currently trading within a descending trend, but itโs showing signs of support from the historical level near $20. The chart reflects a consolidation pattern with potential upward movement toward the resistance zone, which is significantly higher around $80.
### ๐ฅ Key Levels to Watch:
1. **Support Zone**: Around $20 โ This historical zone has shown strong support in previous dips, making it a crucial level to watch for any further downside moves.
2. **Resistance Zone**: Around $80 โ If the price breaks above the current resistance trendline, we could see an upward rally toward this zone.
### ๐ Trade Strategy:
**Long Entry**: If the price breaks the resistance line, a potential long entry could be considered, aiming for the $80 resistance zone.
**Target**: $75-$80
**Stop-loss**: Around $25, just below the historical support level to minimize risk.
### โ ๏ธ Risk Management:
It's crucial to implement a stop-loss to protect against potential reversals. Given the volatile nature of ORDI, use a reasonable leverage to avoid overexposure.
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