ORDI's current price is 35, and it has shown signs of rebounding after shock consolidation in recent days. In the previous trend, the price continued to pull back from the high of 42.455 to the low of 28.831, and then from October 4 to October 12, the price gradually rebounded, showing a recovery momentum.
From the overall trend, after ORDI experienced a sharp decline, the market received support near 30.000, and then formed a wave of rebound, and is currently in a consolidation trend. The price is close to the key pressure level of 35.000, and there is a possibility of further upward movement in the short term, but it is also necessary to be vigilant about the risk of correction.
The short-term moving averages (MA5, MA10, MA30) are in a bullish arrangement, the price is above the moving average, and the short-term moving average shows an upward trend, which indicates that the buying power is strong in the short term and the market sentiment is relatively positive. However, it should be noted that the previous rebound high of 36.000 may become a strong resistance area in the short term, and it is difficult to break through.
Operation suggestions:
First stop profit: 36.000 Second stop profit: 38.000 Stop loss: 34.000
If the price is blocked at 36.000, consider shorting.
