#BinanceAlphaAlert

Futures contract deal on #ordi

Price analysis:

• Current price: 9,372 USDT

• Highest price in 24 hours: 9,532 USDT

• Lowest price in 24 hours: 8,821 USDT

• Relative Strength Index RSI(6): 53.09 (neutral to bullish)

• Moving averages:

• MA(7): 9,418 (Price below the average indicates a potential correction)

• MA(25): 9,220 (Price above it, positive signal)

• MA(99): 9,061 (Overall trend is bullish)

Overall trend:

• It appears that the price has experienced a strong rise from 8,821 USDT to 9,532 USDT before the current correction.

• The moving averages support the bullish trend, but the RSI has started to decline, indicating a possibility of a temporary correction before resuming the rise.

Futures contract trading suggestion:

✔ Trade: Buy (Long)

📍 Suggested entry point: 9,300 - 9,350 USDT (entering after the correction)

🎯 Take Profit: 9,550 - 9,700 USDT

🛑 Stop Loss: 9,150 USDT

Reason for the recommendation:

• The overall trend is still bullish.

• The price is correcting after the rise, providing a buying opportunity at a good support level.

• The price can test resistance at 9,532 USDT and then target higher levels if the bullish momentum continues.

⚠ Warning: This is not investment advice; please conduct your own analysis before making any trading decisions.