Ordinals ($ORDI ) Insight: Long Liquidation Signals Market Correction

A $1.03K long liquidation at $10.34 has caused a short-term pullback, offering traders a chance to reassess entries before a potential rebound.

Support and Resistance Levels:

Support: $10.00 — key floor to watch for buyer interest.

Resistance: $10.70 — critical barrier for bullish continuation.

Market View:

The liquidation suggests some profit-taking but demand may pick up near $10.00. Holding this support could pave the way for an upside move toward resistance.

Trade Recommendations:

Buy Zone: Consider entering between $10.05 and $10.20 on confirmation of strong buying.

Targets: $10.70 first, then $11.10 if momentum sustains.

Stop-Loss: Place stops just below $9.90 to limit downside risk.

Monitor volume and price action closely for signals confirming the next directional shift.

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