• Initial analysis:
• The current trend of the currency$ORDI : Strong and clear bearish since mid-October, with the price losing more than half of its value from the peak in September.
• The current price in view: $4.505 (up 9.08% in the last 24 hours).
• What will happen (initial forecast): The currency is in a "consolidation" phase or a weak rebound in December after a significant drop. A strong confirmation of the rebound should be awaited.
• Strategic trading plan:
• Strategic goal: Wait for a clear ascending bottom formation and confirmation of trend reversal through large trading volume.
• Suggested buying areas (small quantity): Near the last accumulation levels (around 4.000 - 4.200) after a rebound confirmation appears.
• Suggested selling areas (taking profits): Nearby resistance (around 6.000) and stronger resistance (around 8.000).
• Potential scenario targets:
- Rising scenario: Breaking and stabilizing above 6.000, the next target could be 8.000 dollars.
- Landing scenario: Breaking the 4.000 dollar level may lead to a sharp decline to the lower region.