$ORDI
ORDI/USDT: Is the Dip Finally Over? 📉
ORDI has had a wild ride recently, hitting a high of $10.707 before entering a cooling-off period. Right now, the price is at a critical juncture. Are the bulls preparing for a second wave?
📊 Technical Analysis (1H Chart):
Price Action: ORDI is currently trading at $7.430. It is sitting just below the Bollinger Middle Band ($8.00). For a real bullish reversal, we need to see a 1-hour candle close above the $8.00 mark.
MACD: The momentum is currently bearish as the histogram is in the red. however, the bars are starting to flatten out. Keep a close eye on a potential Bullish Cross in the coming hours.
RSI: The RSI is at 57, which is very healthy. It shows that the "overbought" pressure from the $10 pump has been reset, leaving room for a new move upward.
Support & Resistance:
Major Support: $6.40 (Lower Bollinger Band).
Immediate Resistance: $8.00 (Psychological & MB level).
🎯 How to Trade This:
Conservative Entry: Wait for a breakout and close above $8.02 to confirm the trend has shifted back to bullish.
Aggressive Entry: Small entries near $7.20 - $7.40 with a tight stop loss.
Targets:
Target 1: $8.80
Target 2: $9.60 (Upper Band)
Stop Loss: $6.30
💡 Summary: ORDI is a high-reward, high-risk "Meme/Vol" token. Volatility is high, so keep your leverage low and your patience high!
Are you buying this dip or waiting for $6.00? Let’s hear your strategy in the comments! 👇
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