$ORDI just pulled a massive 200% pump, tapping a high of $10.76 before the cool-off began.
We are currently sitting at $7.54, which is acting as local support for now.
If it fails to hold this level, the next logical structural support is much lower, near the $5.50 area.
Funding rates are positive. If you’re going short, you’re essentially getting paid to wait for the move.
Watch the 4-hour close. If we lose $7.50, the blow-off top is likely confirmed.
Not financial advice, just market insight. DYOR. $ORDI is highly volatile, and shorting after a parabolic move like this carries real risk. A short squeeze can happen fast.
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