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# ResistanceRejection

142
$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
ORDI8.44%
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StrollingOnTheEdgeOfTheDao:
The bait of a short trap, but a BRC20 leader like ORDI still isn’t weak in terms of support even if it really drops. If 3.7 can’t hold, then we’ll see 3.45.
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