$ORDI Losing momentum after a strong rejection from resistance, the recovery seems weak, and the bears are preparing for another decline.
Short Trading Plan for ORDI (20x)
Entry: 3.92 – 3.98
SL: 4.12
TP1: 3.82
TP2: 3.68
TP3: 3.50
ORDI is losing momentum after a strong rejection from the resistance zone. The current recovery seems weak, and the bears are preparing for another decline (another leg down). The 3.92 – 3.98 zone is acting as short-term resistance.
The stop loss is placed at 4.12, a relatively clean level above the resistance zone. If it is swept, no regrets. However, if the downward pressure continues, targets of 3.82 → 3.68 → 3.50 are entirely feasible.
The distance from entry to stop loss is quite close (~3.5-5.1%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
After losing momentum following the resistance rejection, will the bears push the price down? Have you guys entered a short trade yet? Comment to discuss!
Short Trading Plan for ORDI (20x)
Entry: 3.92 – 3.98
SL: 4.12
TP1: 3.82
TP2: 3.68
TP3: 3.50
ORDI is losing momentum after a strong rejection from the resistance zone. The current recovery seems weak, and the bears are preparing for another decline (another leg down). The 3.92 – 3.98 zone is acting as short-term resistance.
The stop loss is placed at 4.12, a relatively clean level above the resistance zone. If it is swept, no regrets. However, if the downward pressure continues, targets of 3.82 → 3.68 → 3.50 are entirely feasible.
The distance from entry to stop loss is quite close (~3.5-5.1%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
After losing momentum following the resistance rejection, will the bears push the price down? Have you guys entered a short trade yet? Comment to discuss!