$ORDI Took a Dive — But Is It a Trap or Opportunity?
After tapping $11.079, $ORDI couldn’t hold the line — plunging over 10% in a brutal hourly selloff to a low of $9.781. Now sitting at $9.966, the bounce is hesitant, and traders are on edge.
What’s Going On?
Heavy Sell Pressure: 63.56% of the order book is leaning bearish. The red wave is real.
Support Eyed: If $9.78 breaks again, the next key zone is likely around $9.50.
Volume Watch: High USDT volume (18.82M) signals strong interest — but who’s in control? Bears… for now.
Short-Term Signal: Momentum is weak. Only consider entries after a clear reversal candle or RSI divergence (check MACD/RSI for confirmation).
Caution: This might be a falling knife — don’t catch it barehanded. Let it bleed or bottom before acting.
Disclaimer: This is not financial advice. Always DYOR, use stop-losses, and never trade emotionally.
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