$ORDI TESTS SUPPLY ZONE THAT PREVIOUSLY REJECTED BUYERS 📉
Entry: 3.48 - 3.58 🔥
Target: 3.33 🚀
Stop Loss: 3.84 ⚠️
Price has recovered into a supply zone that repelled rallies in late April and mid-May. The move higher remains corrective within the broader downtrend structure — volume on this leg is declining, suggesting buyers lack conviction. A rejection here opens the path toward the liquidity cluster below the 3.20 swing low, with deeper targets at 3.16 and 2.98.
The risk-to-reward on the first target is roughly 1:2.4 from the zone midpoint. Are you shorting this retest or waiting for a lower high to form?
Not financial advice. Always manage your risk.
#ORDI #ShortSetup #SupplyZone #Crypto #TechnicalAnalysis
🔥
Entry: 3.48 - 3.58 🔥
Target: 3.33 🚀
Stop Loss: 3.84 ⚠️
Price has recovered into a supply zone that repelled rallies in late April and mid-May. The move higher remains corrective within the broader downtrend structure — volume on this leg is declining, suggesting buyers lack conviction. A rejection here opens the path toward the liquidity cluster below the 3.20 swing low, with deeper targets at 3.16 and 2.98.
The risk-to-reward on the first target is roughly 1:2.4 from the zone midpoint. Are you shorting this retest or waiting for a lower high to form?
Not financial advice. Always manage your risk.
#ORDI #ShortSetup #SupplyZone #Crypto #TechnicalAnalysis
🔥