【$ORDI Signal】Short squeeze pullback, sniper for a second push higher

$ORDI 1H level consolidation at high position, 4H Bollinger Bands fully expanded, price moving outside the upper band. RSI on 1H drops from overbought area to 67.87, MACD on 1H shows shrinking histogram, but 4H MACD remains strongly expanding. Buying depth is 27% higher than selling, funding rate at 0.005% is not extreme, but open interest remains stable, no large-scale long liquidation seen. Under this structure, chasing the high directly carries risk, but a proactive pullback is an opportunity.

If the price can pull back to the support zone of 8.50-8.70, formed by the previous breakout, consider going long. This level is also near the 1H EMA20, providing relatively strong support.

⚡Entry: Place a buy order around 8.70.

🛑Stop loss: Firmly below 7.60.

🚀Target 1: First target near the previous high of 9.95.

🚀Target 2: Second target above 10.76, aiming for a new high.

🛡️Trade management: - Execute strategy: Reduce half of the position after reaching 9.95, move the remaining stop loss up to the entry price. If the price cannot hold above 8.70 and quickly breaks down, cancel the order, do not chase the knife.

Order book depth shows a 12% imbalance, large orders clearly support the price. The 1-hour consolidation with decreasing volume looks more like profit-taking after a sharp rise rather than the end of the trend. The 4H EMA50 is still at 5.66, far from the current price, indicating strong medium-term inertia. The current risk-reward ratio is appropriate; key is the strength and speed of the pullback. Gentle retracement is the best signal to enter.

Check real-time market 👇 $ORDI
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