[ORDI/USDT] Short Term Trading Signal
Current Price: $5.875
Entry (Short Term): Open positions between $5.60 – $5.75
Stop Loss: $5.45
Take Profit: $6.10 – $6.25
Mid to Long Term:
Open positions between $5.40 – $5.60
Stop Loss: $5.15
Take Profit: $6.50 – $7.00
Support Level: $5.617
Resistance Level: $6.11
Summary:
ORDI is showing a bullish trend in the short term, supported by strong capital inflows and a favorable long/short ratio (1.3:1). While RSI indicates overbought conditions and MACD suggests potential short-term correction, the overall trend remains positive. A breakout above $6.11 could confirm bullish continuation, while holding above $5.60 maintains market strength.
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