$USDC

Analysis of ORDIUSDT and Recommendation for Futures

• Trading Volume: 63.69M USDT

• Technical Indicators:

• Moving Average (7): 9.320$

• Moving Average (25): 9.345$

• Moving Average (99): 9.160$

• RSI (6): 76.46 (Overbought)

🔍 Technical Analysis:

✅ Current Trend: Bullish, as the currency has bounced strongly from the level of 8.901$ and reached 9.444$.

✅ Moving Averages Cross: The current price is above the short and medium moving averages, indicating bullish momentum.

✅ Relative Strength Index (RSI): Shows overbought conditions, which means a potential short-term downward correction.

📌 Recommendation for Futures:

🔹 Long Trade (Buy) on Correction:

• Ideal Entry Point: 9.250$ - 9.300$

• First Target (Take Profit 1): 9.600$

• Second Target (Take Profit 2): 9.750$

• Stop Loss: 9.100$

🔹 Short Trade (Sell) at Resistance:

• Ideal Entry Point: 9.500$ - 9.550$ (if the price fails to break the resistance)

• First Target (Take Profit 1): 9.300$

• Second Target (Take Profit 2): 9.100$

• Stop Loss: 9.650$

⚠️ Important Notes:

• Watch the level of 9.532$, as it represents strong resistance, and if broken, we may see a stronger rise.

• In case of correction, 9.250$ represents a support level that could be a good entry point.

• Avoid high risk and monitor Bitcoin's movement as it affects the market.

🔍 Do you see ORDIUSDT on its way to break resistance or will there be a correction? Share your predictions!