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$ORDI chart shows a potential bottoming process after a sharp decline from the $5.60 level. We are seeing a consolidation phase with price stabilizing around the $5.20 mark.
Setup & Bias
• Bias: Bullish Reversal / Scalp Long.
• Setup View: Price has formed a local support base near $5.115. The recent "W-shaped" recovery attempt on the 15m timeframe suggests buying pressure is stepping in to defend the psychological $5.00 zone.
Trade Plan
• Entry Zone: $5.18 – $5.22 (Current market price or on a slight retest of local support).
• Next Targets:
• TP1: $5.35 (Previous local peak)
• TP2: $5.50 (Major resistance flip)
• Stop Loss: Below $5.08 (Invalidates the current support structure).
Risk Note: ORDI is highly volatile. Maintain strict risk management as the overall intraday trend is currently -4.48%. Stay sharp!#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve $ORDI