$ORDI/USDT Short Trade Signal
Current Price: $8.97 (-0.44%)
Market Trend: Bearish rejection at resistance
Support Levels: $8.80 - $8.60
Resistance Levels: $9.00 - $9.20
Trade Setup
Targets:
TP1: $8.80 ✅
TP2: $8.60
TP3: $8.40
Stop Loss: $9.10
Market Insight:
Multiple rejection wicks at $9.00 indicate selling pressure.
Formation of lower highs suggests a bearish divergence.
Momentum is slowing after a strong uptrend, signaling a potential correction.
Pro Tip:
Wait for a strong candle close below $8.90 before entering the short position. Secure partial profits at TP1 and monitor price action near $8.80 for possible bounces.
Risk Management:
Utilize a 1:2 risk-reward ratio. Adjust your stop-loss as the price moves in your favor to protect profits.
Bearish Setup Confirmed – SHORT ACTIVE!
$ORDI