ORDI fell below the rising trend line that had been maintained for 4 months. It happened to be directly broken after it was launched on the US CB exchange and the US market. Many people don't understand. After the launch, shouldn't it continue to soar if the Americans are allowed to solve the problem?
Then you underestimate them too much. If Americans want to pull up a coin, they need a lot of cheap chips with blood and extreme negative sentiment. When most people begin to despair and become discouraged, that's when they start to pull up the market without looking back. Of course, it also takes a lot of time + shaking the warehouse to clean up the market, so that those unsteady chips can be cut by themselves.
ORDI's current support level is around 41U (which is the current position), and the extreme stud point is 31U.
The upward pressure is in the 55U to 60U range. There are too many chips locked in this range. If you are fully invested above 55U, you must choose to recover your capital and run away after pulling back the cost. Recovering cash flow without losing money is the first priority.
Operation: Buy 41U (buy or add positions), or go all in on 31U (go all in), just lie flat, and I’ll call you when the price goes up and you can make money. $ORDI