$ORDI Currentmarket update and possible entries
#ellonmask_comeback_for_new_era
The ORDI/USDT (4H) chart shows a strong bearish breakdown just happened. Let's break it down and find the next possible entries:
---
๐ Current Market Sentiment:
Price: $8.148 (โ7.41%)
Broke below key horizontal support around $8.30โ$8.50
Now testing diagonal trendline support around $8.10
RSI(6): 20.28 โ oversold, may bounce
Stochastic RSI: ~7 โ very oversold
Parabolic SAR: dots above price = trend still down
Volume: Dropping slightly โ indicates temporary weakness
---
๐ป BEARISH Bias, But Reversal Setup Brewing (Soon)
This is a classic late-phase sell-off:
If it bounces off $8.00 or $7.85, buyers may return short-term.
If it breaks $7.85, more downside to $7.40 or $6.90
---
๐ฏ POSSIBLE ENTRIES:
๐ฉ LONG ENTRY PLAN (Reversal Bounce Setup):
Condition Wait for bullish candle close above $8.25
Entry $8.30 (only if bounce confirmed)
Stop-Loss Below $7.83
TP1 $8.90 (first resistance)
TP2 $9.10โ$9.30 (previous highs)
โณ Only take if volume rises and candles show strength (bullish engulfing or pin bar)
---
๐ป SHORT ENTRY PLAN (Breakdown Play):
Condition If it breaks clean below $7.83 with big red candle
Entry ~$7.80
Stop-Loss $8.25 (above broken support)
TP1 $7.40
TP2 $6.90
---
โ Summary:
Currently bearish, but nearing possible bounce zone
If $7.83 fails โ enter short
If $8.30 reclaims on strength โ enter long
Wait for confirmation, donโt enter blindly
see you soon
