$ORDI HOVERING NEAR SUPPORT – RELIEF BOUNCE OR JUST A DEAD CAT?
$ORDI/USDT is currently trading at $9.988, attempting a mild rebound after hitting the $9.834 low. Despite being down significantly on the day, price is holding just above key short-term support—setting the stage for either a recovery play or further downside continuation.
Key Levels to Watch:
Resistance:
• $10.025 – Intraday rejection point
• Breakout above this could lead toward:
TP1: $10.200
TP2: $10.400
Support:
• $9.975 – Immediate support zone being retested
• $9.830 – Structural low; breakdown here could trigger moves to:
TP1: $9.600
TP2: $9.300
Trade Setup – Critical Reversal Zone or Breakdown Trap
Bullish Entry:
• Break and hold above $10.025 could signal bounce continuation
• Targets:
• TP1: $10.200
• TP2: $10.400
• Stop-Loss: Below $9.830 to protect against renewed selling
Bearish Entry:
• Breakdown below $9.830 could invite sharper downside moves
• Targets:
• TP1: $9.600
• TP2: $9.300
• Stop-Loss: Above $10.025 to avoid false breakdown traps
$ORDI is hanging on a thin edge. If bulls defend $9.975 and reclaim $10.025, we could see a sharp recovery push.Wait for price confirmation before entering.