Don’t chase the pump, wait for the retest!
📈
$ORDI just gave us a masterclass in volatility, surging over +116% to hit a high of $10.70. But look at the 15m chart now: after that massive blow-off top, the price is currently cooling down and testing the MA(25) and previous consolidation zones around $8.90.
🔍 Technical Insight: A "Retest" is the market's way of confirming if the new support levels are strong enough to hold. The RSI has cooled off from extreme overbought levels back to a neutral 47-55 range, which is much healthier for a potential second leg up. If this $8.8 - $8.9 zone holds as support, we might see another attempt at $10. But if it breaks, we look deeper at the MA(99).
🛡️ Strategy: The best traders don't buy the green candles; they wait for the "Red Retest" to confirm strength. Are you buying the dip on
$ORDI here or waiting for more stability? Patience pays in this market! 💎🔥 #BinanceSquare #ORDI
#RetestStrategy #TechnicalAnalysis
#cryptotrading #BuyTheDip #BRC20 #tradingtips #Write2Earn