$ORDI Crashes 12% & The Bitcoin Factor - What Should You Do?
It is caution time for ORDI holders. According to the chart, the price faced a sharp rejection from the $5.08 high and has dropped straight to the $4.07 level, down over 12% in 24 hours.
Market Insight (4H Chart & $BTC Connection):
Critical Support: The previous low on the chart is $3.948. The price is hovering dangerously close to this "Make or Break" level.
The Bitcoin Link: Since ORDI is a BRC-20 token, it is heavily correlated with Bitcoin. If BTC shows weakness here, the probability of ORDI breaking this support increases drastically.
Sentiment: Although the order book shows buyer interest, the momentum remains heavily Bearish.
Risk Management & Decision (To Buy or Not to Buy?):
Do Not Buy Yet: Entering now is like trying to catch a "falling knife."
Wait: It is wise to wait for price stability at $3.95 and a bullish reversal candle before considering an entry.
Stop Loss: For those taking the risk, a tight Stop Loss (SL) below $3.90 is mandatory.
Bottom Line: Trade the levels, not emotions. Keep a close watch on Bitcoin's movement.
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