$ORDI USDT has recently demonstrated significant bullish momentum, surging over 8% and breaking above the psychological resistance at $10.00. This move was supported by strong volume, indicating robust buying interest. The price held support near $9.20 before forming a base and is now targeting previous highs around $11.30.
📈 Technical Indicators:
MACD Crossover: A bullish crossover suggests increasing upward momentum.
RSI Breakout: The Relative Strength Index has broken out, indicating sustained strength.
💡 Trade Setup:
Entry Zone: $10.00 - $10.20
Take Profit Targets: $10.90 / $11.30
Stop Loss: $9.50
Momentum has shifted bullish with a high probability of continuation toward the $11.00 zone. Volume spikes confirm buying pressure. Traders should watch for consolidation above $10.00 to add positions with tight stop losses.
📊 Additional Insights:
Recent analyses suggest that if $ORDI
closes a 1-hour candle above $11.10 with a volume spike, an accelerated upside is anticipated. This setup is ideal for momentum riders and short-term trend followers.
⚠️ Risk Management:
While the bullish trend is promising, traders should remain cautious. Setting appropriate stop-loss levels and monitoring volume and price action is crucial to manage potential risks.