$ORDI is forming a clear multi-sequence bearish structure, with 4 consecutive short entries totaling $76k (0.106%). This reflects sustained selling pressure rather than a one-off trade, which significantly increases the reliability of the signal.
In a $71M daily volume environment, a 0.106% cumulative impact is meaningful enough to influence short-term direction. The repeated sequences indicate that sellers are actively building positions, not just testing liquidity.
The average trade size ($125) suggests solid participation, and at the current price of 4.203, the asset is beginning to lean toward weakness. If continuation follows, this structure can extend into a broader downside move.
Market Bias: Bearish
Entry (Short):
Look for continuation on pullbacks or breakdown confirmation below support
Targets (TP):
TP1: 4.00
TP2: 3.70
TP3: 3.30
Stop Loss (SL):
Above 4.45 (structure invalidation)
Risk Management:
Maintain controlled risk and avoid entering after extended downside moves without pullbacks
