ORDI SHORT SIGNAL : FIRST REALLY BIG TRADE OF '24
Updated
I posted on ORDI a little while back.
It was a short from ~$74.00 down to $60.00. I missed the target by $1.50 because the coin was listed too recently and I had to guess the historic lows (starting point).
This post is in response to the expected BTC dump, and will likely be more aggressive and thus more profitable if successful. Keep in mind that it's predicated on condition that BTC does drop as expected. (Pfft.. Of course it will..)
I've indicated 3 different TP's depending on your particular level of tolerance and
greed, so have fun.
It was a short from ~$74.00 down to $60.00. I missed the target by $1.50 because the coin was listed too recently and I had to guess the historic lows (starting point).
This post is in response to the expected BTC dump, and will likely be more aggressive and thus more profitable if successful. Keep in mind that it's predicated on condition that BTC does drop as expected. (Pfft.. Of course it will..)
I've indicated 3 different TP's depending on your particular level of tolerance and
greed, so have fun.
Comment
Follow & track progress on my chart:dub.sh/ORDI-DUMP-01
Trade active
This is going to be a banger..Trade active
HERE WE GO!It will follow Bitcoin down..
Trade active
Nom-nom-nom..Trade active
If you've not yet entered this trade, you've got a second chance..Enter Short from current price: $66.80
Trade active
Sell ORDI again from current level ~$53.20Comment
Was a little distracted, so missed the first part.Here's an update on what I expect will happen next..
It's straight forward, like all my signals..
Follow the green line..
Follow the red line..
Trade active
Updating the update:Keep in mind that I'm posting updates as they happen instead of trying to foresee every possible scenario and yapping about it, so any of the target levels could change during the trade..
This shouldn't really matter if you got in around $73.50 when this signal was given..
If you didn't it's just hit the 0.382 retracement level, which is possibly the point of reversal, although, judging by the manner in which it's moving, there's still a good chance that it will complete this run with a strong finish to reach the $61.00 marker before dropping like my libido when in the company of South African women..
The suggested entry setup for this update:
Set a stop-limit short order at $54.50 to soothe your FOMO without committing to anything just yet..
Then set a limit-order for a short position ~$60.50..
Don't enter any long positions unless you're a ninja..
If you've been short since the beginning and are positioned well above the current level, well played.. Go ahead and scale up that short by at least 15% - 25%..
If all goes to plan, the target should be lower than initially indicated, and can be adjusted to the ~$30.00 level [Bottom expected ~$28.50]
Comment
Last chance to ride out the rest of this trade..Short entry at $54.55
Trade active
Trade active
Next stop:$30.00
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