Ordi plummeted over 50% yesterday, with 9/10 short positions making big profits, reducing holdings. The price broke below the 7.5 long-short transition zone, reversed to a short, rebounded but did not break through again, continuing the short. A breakout and pullback to stabilize could consider going long. Actually, these days, the live broadcasts repeatedly explained this level. On the four-hour chart, the outlook remains bearish. There is support around the 5 level below. If it breaks down, look toward 4/3.5. Holding short positions only shifts the target down to 6.5. When reaching the 3.5/3.8 zone, consider going long. Defensive at 3.2 (low leverage).

ORDI-15.17%
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