🚨 $ORDI Long Liquidation Alert: $2,547.4 at $8.560 – What It Means and What Comes Next
A significant long liquidation just hit ORDI at $8.560, totaling $2,547.4K. This kind of aggressive liquidation typically signals panic exits by leveraged bulls, often setting the stage for either a relief bounce or further downside pressure.
Let’s break it down and analyze the key trading levels:
Technical Analysis of $ORDI
Price Action Context:
The liquidation at $8.560 shows strong downward pressure.
If this level fails to hold as support, more pain could follow.
Price currently hovering around a major structural pivot – this could become a warzone between bulls and bears.
ORDI Buy Zone
$7.80 – $8.20
This is the ideal re-entry or long accumulation zone. It aligns with historical support and previously tested zones before the last bullish move.
Target Levels
1. Short-Term Target: $9.10 – Possible relief rally if price reclaims $8.70+
2. Mid-Term Target: $9.80 – Resistance zone from last failed breakout
3. Extended Target: $10.60 – If momentum returns with volume and BTC remains stable
Stop Loss
$7.55
A break below this level confirms trend continuation downward. Use strict risk management here.
Conclusion
$ORDI is showing high volatility after the long liquidation at $8.560. While it may seem bearish, this kind of shakeout often provides entry opportunities for strategic traders. Monitor volume closely — a bounce with strong volume from the $7.80–$8.20 zone can trigger a swift recovery toward the upper targets.
