*Market Insights* - *Profit-Taking and Correction:* Strong rally followed by a sharp rejection wick, indicating profit-taking and possible correction. - *Bearish Divergence:* Bearish divergence on lower timeframes suggests momentum exhaustion. - *Downside Movement:* If price fails to reclaim $9.40, expect further downside movement.
*Tips* - Look for a weak retest of $9.30-$9.40 before entering short. - Volume confirmation on selling strengthens the bearish setup. - Monitor lower timeframes for bearish confirmation signals.
*Risk Management* - *Position Sizing:* Manage position size to limit potential losses to 2-3% of the trading account. - *Risk-Reward Ratio:* Aim for a risk-reward ratio of 1:2 or higher to ensure potential profits outweigh potential losses. - *Stop-Loss:* Stick to your stop-loss and avoid over-leveraging.
*Trade Plan Scenarios* - *Bearish Scenario:* ORDI/USDT breaks below $8.60, targeting $8.40 and lower. - *Bullish Scenario:* ORDI/USDT breaks above $9.55, targeting $9.70 and higher.
I would highly encourage you to start your trade(buy/sell ORDI ) from my post, simply hitting here. โ $ORDI
If you want a trade plan of your desired coin, write it in the comments below. I will post its trade strategy .
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#ORDฤฐ #ORDI #ORDI๐ฐๆบ่ฝๅค็ฉบ็ญ็ฅ
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