🔥 +5.5% Explosive Move on $ORDI
- Right now, the move looks overheated—there’s a high chance price will cool down and retest lower support before any sustainable continuation upward.
- The pump could continue, but only if price holds above 7.034 and especially 6.6 after a possible retracement. If we see a liquidity sweep below 7.034 or 6.6, followed by a reversal pattern (bullish engulfing, pin bar, or a strong bounce with increasing volume), you could consider entering long with a first take profit at 8.65 and next at 9.32. Place your stop at the swing low.
- If price breaks 9.326 and retests it as support with clear bullish price action (higher lows, strong candles, volume holding), another long can be taken aiming for 9.98 or 10.70, with stops placed below the breakout structure.
- However, if the price fails to reclaim 8.65 or breaks down below 6.6 with momentum, expect further downside toward 5.87 or even 4.85.
- Confirmation is critical! Do not enter just because price is moving—wait for signs like a reversal candle at support, or a clean retest of broken resistance as support.
- Example confirmation: On a sweep below 7.034, if the 5m or 1m forms a bullish engulfing bar or a pin bar with strong volume, that’s a higher probability long. For continuation, wait for a clean breakout and retest setup.
