🚨 $ORDI Long liquidation alert: $2,547.4 at $8.560 – What does this mean and what will happen next
A significant long liquidation just occurred on ORDI at $8.560, totaling $2,547.4K. This type of aggressive liquidation usually indicates panic selling among leveraged bulls, often setting the stage for either a corrective bounce or further downward pressure.
Let's break it down and analyze the key trading levels:
Technical Analysis for $ORDI
Price Action Context:
The liquidation at $8.560 shows strong downward pressure.
If this level fails to hold as support, further pain may follow.
The price is currently hovering around a major structural pivot - this could become a battleground between bulls and bears.
ORDI Buying Zone
$7.80 – $8.20
This is the ideal re-entry zone or long accumulation area. It aligns with historical support and areas previously tested before the last upward move.
Target Levels
1. Short-term Target: $9.10 – Potential corrective bounce if the price reclaims $8.70+
2. Medium-term Target: $9.80 – Resistance area from the last failed breakout
3. Extended Target: $10.60 – If momentum returns with trading volume and BTC remains stable
Stop Loss
$7.55
Breaking this level confirms the continuation of the downward trend. Use strict risk management here.
The conclusion
$ORDI Shows high volatility after the long liquidation at $8.560. While this may seem bearish, these kinds of shakeouts often provide entry opportunities for strategic traders. Monitor trading volume closely - a bounce with strong volume from the $7.80–$8.20 area could lead to a quick recovery towards higher targets.
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