Based on the 4-hour chart for **ORDI/USDT**, the price has recently seen a sharp rejection from the **$6.45** peak but is currently finding dynamic support near the moving averages. The current price of **$5.372** is sitting just above the **MA(7)** ($5.306), indicating a short-term attempt at stabilization.


Here is a technical analysis and trade setup with three Take-Profit (TP) targets:
### **Market Context**
* **Support Zone:** The area between **$4.70** and **$4.85** is acting as a strong floor, where the **MA(25)** ($4.708) and **MA(99)** ($4.723) have converged.
* **Trend:** The recent "Golden Cross" of the MA(7) over the longer-term MAs suggests underlying bullish momentum remains despite the -8.45% pullback.
* **Candlestick Pattern:** The most recent 4h candle is a strong green engulfing-style move, suggesting buyers are stepping back in at the $5.00 psychological level.
### **Trade Setup**
* **Entry Range:** **$5.25 – $5.38**
* **Stop Loss:** Below the recent swing low and MA cluster at **$4.65**
#### **Take-Profit (TP) Targets**
1. **TP 1: $5.85**
* *Rationale:* This aligns with the 24h high and the minor resistance level before the previous vertical pump.
2. **TP 2: $6.20**
* *Rationale:* A mid-point target that captures the bulk of the recovery toward the recent local top.
3. **TP 3: $6.45**
* *Rationale:* This is the critical resistance level (the recent high). Breaking this would likely trigger a move toward $7.00+.
### **Strategy Note**
Since the 24h volume is healthy (**25.57M USDT**), keep an eye on the **MA(7)**. As long as the price holds above **$5.30** on the 4h close, the path toward TP 1 remains high-probability. If the price slips below $5.00, it may be prudent to wait for a retest of the **MA(25)** before looking for a new entry.
$ORDI
ORDI3.98%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin