ORDI update 11.23
As mentioned a few days ago, Ordi formed a bearish wedge in the early stage, which is theoretically a reversal pattern and should be shorted. I personally am also constantly testing short positions. But there are two hidden dangers:
First, the downward K-line has been walking in a downward channel with a very small slope and has been unable to break through;
Second, in some key positions, you can always see inexplicable large funds coming in to support the market.
The two hidden dangers have not been solved, so I am very worried.
At present, on the market, after I was completely flat last night, the K line has broken through the channel. In this case, the chance of winning by shorting is much smaller, so from here on, the perspective changes, stop shorting, and choose the opportunity to go long.
