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ORDI | Bearish dominance, rebounds are all trap signals ⚠
Attention, everyone! Currently, the ORDI market sentiment is dominated by bears, fluctuating around 4.68. All rebounds are signals of trap setups; do not blindly chase the highs!
The price has already broken below the middle band support of the Bollinger Bands, with the upper band at 4.79 acting as strong resistance. Every rally is quickly hammered back down, indicating that the bulls lack the momentum for sustained attack, and it’s just a weak correction during the decline.
✅ Support below is in the 4.52-4.55 range, which is the last line of defense for the bulls. Once broken, a secondary bottom is highly likely to be triggered.
❌ Resistance above is in the 4.79-4.86 range. Without volume breakout, any rebound is an opportunity for bears to add positions.
In short-term trading, do not chase high on rebounds. Going with the trend is the key. The volatile and aggressive shakeouts of the "demon coin" are fierce, and position size and stop-loss are always the top priorities. Never gamble your principal on uncertain market conditions! $ORDI #美伊二轮谈判进展 #创作者冲榜 #GatePreIPOs首发SpaceX