$ORDI – DOUBLE TOP FORMING, BEARS TAKING CONTROL
• STRONG REJECTION FROM $9.06
• WEAKENING BULLISH MOMENTUM
$ORDI attempted to reclaim the $9.06 high but faced a strong double rejection at the same level, forming a classic double top pattern. The recent red candles show increasing selling pressure with a shift in momentum as bulls fail to hold above $8.95. Volume spikes on red candles also signal early distribution by smart money.
Short Trade Setup:
• Entry: $8.940 – $8.970
• Target 1: $8.820
• Target 2: $8.710
• Stop Loss: $9.080
If $8.88 breaks, a quick flush toward the $8.70 zone is likely. Watch for increased volatility as the pattern completes.
