$ORDI has seen a strong bearish move from the recent highs and is now slowing down near an important support area.
The major support is clearly visible around 4.25 – 4.28, where price printed a local low and buyers stepped in.
As long as this support holds, a short-term bounce or consolidation is expected.
The first resistance stands near 4.38 – 4.42, which aligns with previous breakdown candles.
A stronger resistance zone is placed around 4.48 – 4.52, where sellers previously dominated the market.
Short-term long entry: 4.28 – 4.32
Long stop-loss: below 4.18
Short-term targets: 4.40 then 4.50
For trend continuation on the downside, rejection from resistance is the key trigger.
Short entry zone: 4.40 – 4.48
Short stop-loss: above 4.60
Short targets: 4.30 then 4.20
Price reaction at this support will decide whether ORDI builds a base or continues the downtrend.
