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$ORDI Rejected at major resistance - forming a short sell setup 🔥
Entry: 3.855 - 3.955 🔥
Target: 3,700 / 3,450 / 3,150 🚀
Stop Loss: 4,150 ⚠️
$ORDI It was rejected at resistance 3.985, which is an important level on the hourly chart. The 47% increase in open interest alongside weak taker volume indicates that this rally was driven by retail buying positions. With a long/short ratio of 1.6 and with large traders also mostly in buying positions, this setup resembles a classic liquidity trap.
The probability of a sharp drop below 3.700 is high if sellers continue to press. Will you bet on the failure of this rejection or wait for a breakout above 4,000?
Not financial advice. Always manage your risk.
#ORDI #ShortSetup #ResistanceRejection #Fade #Trading