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$ORDI is surging +7.1%, can it hold?
- After such a major pump and volume spike, there’s a high probability of a short-term pullback to rebalance price and test lower supports before the next leg up. Longing immediately here is risky without confirmation.
- The best scenario for a long is to wait for a retrace into the demand/FVG support areas between 3.22–3.09 or even as low as 2.82, then look for bullish reversal signs such as a pin bar or a strong engulfing candle on the 15m or lower timeframe. For higher probability, wait for a liquidity sweep below an obvious swing low and then a quick reclaim.
- Example trade setup: If price dips to the 3.09–3.22 area and forms a bullish reversal candle, a long entry can be considered with a take profit at 3.67, then 3.78, and possibly 4.15 if momentum continues. Stop-loss can be placed just below the swing low of the pullback.
- If price breaks down below 3.075 with momentum, the next watch area is 2.82 for a similar long setup.
- If price instead consolidates and pushes above 3.67 with a surge in volume, you may enter on that breakout, targeting 3.78 and 4.15, but only after confirmation (look for a strong bullish candle closing above resistance, or a retest/flip of 3.67 as support).
📝 This is not investment advice, only an educational analysis. Given the violent move, chasing is risky—wait for a retrace and a clear sign of reversal or trend continuation before considering a long!
#ordi #cryptotrading #TradingSetup