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【$ORDI Signal】Short squeeze pullback, sniper for a second surge
$ORDI 1H timeframe rallies then pulls back, RSI drops from 79, buying pressure shows gaps but hasn't collapsed. 4H Bollinger Bands widen significantly, price stabilizes above the upper band, MACD histogram continues to expand. Market depth shows sparse sell orders, and the -0.0007% funding rate provides weak short squeeze fuel.
Price is supported around 3.158 with active buying.
🎯Direction: Pullback to go long
⚡Entry/Orders: Enter in batches within the 3.158 - 3.222 range
🛑Stop loss: 2.480
🚀Target 1: 3.239
🚀Target 2: 3.252
🛡️Trade management: - Execute strategy: halve position at Target 1, keep the rest to break even. If the price cannot quickly move away from the cost area, exit proactively.
MACD on the 1H shows signs of convergence, but the 4H trend remains intact. Volume shrinks after the rally, indicating healthy profit-taking. Open interest remains stable, with no signs of large-scale long liquidation. Under this structure, a pullback after the initial sharp rise offers a decent risk-reward ratio. The key is whether the price can hold above 3.15 and rebuild momentum.
Check real-time quotes 👇 $ORDI
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