$ORDI Showing signs of a "false" rally and likely to correct back soon 📉


After pushing the price up to the resistance zone, buying pressure can no longer maintain dominance. The current structure indicates this may just be a liquidity sweep before the market reverses downward. In this context, a short strategy is being prioritized.
Trading plan (Short):
🔹 Entry zone: 5.62 – 5.78
🔹 Best zone: 5.70 – 5.75
🔹 Stop Loss: 6.05
Profit targets:
🎯 TP1: 5.32
🎯 TP2: 5.05
🎯 TP3: 4.72
If the price cannot stay above the 5.80 zone and clear weakening signals appear, it is highly likely to continue selling down to lower support levels.
⚠️ Note: This is a high-risk trade. Small-cap traders or those with poor risk management should consider staying out to protect their accounts. Always adhere to stop loss and strict capital management. Prioritize short positions when weakening is confirmed, and avoid entering trades based on feelings.
ORDI27.06%
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LookingForwardToFrostDust
· 3h ago
Going long too much, what else is there to short?
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MuziV
· 4h ago
What the heck, it’s gone as soon as I enter.
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