đ¨ $ORDI Strategy: The Downward Channel Fade
The "Inscriptions" hype has peaked, and the smart money is now rotating out. We are sniping the relief bounce to enter a short position before the next leg down.
Entry Zone: $4.50 â $4.65 (Fading the retest of broken MA-25 support)
TP1: $4.15 (Immediate structural support)
TP2: $3.84 (Previous session low)
TP3: $3.60 (Major Fibonacci support level)
Stop Loss: $4.95 (Hard exit above the structural trendline)
Trade Logic:
Price is currently trapped in a Descending Channel after failing to hold the $5.35 Fibonacci support. The 1H chart confirms a "Death Cross" formation as the MA-7 drops below the MA-100. Despite a +10% bounce from the $3.84 low, the declining volume indicates "Retail Hope" rather than "Whale Accumulation." I am fading this bounce to catch the flush toward the $3.60 target.
#ORDI #BRC20 #TalhaSniper #BinanceSquare #smartmoney
