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📢 Technical Analysis for Currency $ORDI I – 4-Hour Frame
🔸 The price is trading around $9.62 after a rebound from a support area near $8.25
🔸 The RSI indicator is moving upwards at 55, which supports the likelihood of continued rise
🔸 The price is facing strong resistance around $9.80 – $10.00 (50 Moving Average crossover with the cloud)
🔸 If this resistance is broken and maintained above, we might see a continuation of the upward trend
📌 Trade Type: Spot / Spot
🎯 Positive Scenario:
– Break and maintain above $10.00
– Targets: $10.50 – $11.00 – $11.50
❌ Negative Scenario:
– Break support at $9.20 with a closing candle of 4 hours
– Targets: $8.80 – $8.50
📌 Note: It is preferable to wait for confirmation of the breakout or breakdown before entering
🔸 The price is trading around $9.62 after a rebound from a support area near $8.25
🔸 The RSI indicator is moving upwards at 55, which supports the likelihood of continued rise
🔸 The price is facing strong resistance around $9.80 – $10.00 (50 Moving Average crossover with the cloud)
🔸 If this resistance is broken and maintained above, we might see a continuation of the upward trend
📌 Trade Type: Spot / Spot
🎯 Positive Scenario:
– Break and maintain above $10.00
– Targets: $10.50 – $11.00 – $11.50
❌ Negative Scenario:
– Break support at $9.20 with a closing candle of 4 hours
– Targets: $8.80 – $8.50
📌 Note: It is preferable to wait for confirmation of the breakout or breakdown before entering
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