🚨 ORDI/USDT: The BRC-20 Token Is Showing Bearish Divergence! Will Support Hold?
Market Outlook: After a significant rally in mid-August 2025, ORDI has been trending downwards and is now testing a crucial support zone. While the token has shown resilience and bounced off recent lows, the overall short-term momentum is bearish. Recent consolidation forms a falling wedge pattern, typically a bullish reversal indicator, but requires confirmation.
💡 Futures Trading Plan (Neutral Stance):
🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the resistance level of $10.00–$10.15 on a higher timeframe (e.g., 4H or Daily) with significant volume. A successful retest of this zone as support could also present a potential entry.
💰Targets: $10.45, $10.85, and potentially towards $11.00.
🛑Stop Loss: Below the recent consolidation low or below $9.50.
🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the crucial support level of $9.50 with a closing candle on a higher timeframe.
💰Targets: $9.30, $9.00, and potentially lower towards $8.80.
🛑Stop Loss: Above the recent swing high or above $10.05.
Your Action Plan:
01 - Wait for Confirmation: Do not rush into a trade. Patience is key. Wait for a clear, high-volume breakout or breakdown confirmation before taking a position.
02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential, especially with a volatile asset like ORDI.
03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially on breakout trades.
📢 What are your thoughts?
Vote: Do you think ORDI will break out of its falling wedge or break down further?
Breakout and Rally!
Break Down Further!
Comment: Share your analysis below!