$ORDI
LONG CONTINUATION: Bullish Structure Intact! 🚀
$ORDI has already shown a strong impulsive move and is now consolidating perfectly, holding above the crucial $4.30 – 4.35 zone. This confirms the bullish structure remains intact!
This is a textbook pullback + continuation scenario, setting up the next phase of the rally
📈 LONG TRADE LEVELS:
• Long Entry Zone: $4.28 – 4.35 (Buying the confirmed support)
• Target 1 (TP1): 4.55
• Target 2 (TP2): 4.75
• Target 3 (TP3 - Main Goal): 5.10
• Stop Loss (SL): 3.98 (Must protect the overall structural support!)
Pullback & Momentum
The current consolidation is a healthy sign after the initial impulsive breakout, suggesting profit-taking is complete and accumulation is resuming. As long as ORDI holds above 4.25, the bullish bias is strong. The critical level to watch is the 4.55 resistance—a clean break there will accelerate momentum toward the 5.10 target.
The Risk/Reward is highly attractive:
• Risk: Entry (\approx\$4.315) to SL (3.98) = 0.335 risk.
• Reward: Entry (\approx\$4.315) to TP3 (5.10) = 0.785 reward.
• R:R Ratio: Approximately 2.34:1.
The structure supports the long continuation. Trade with discipline and proper risk management, and keep that 3.98 SL tight!