ORDIUSDT trade ideas
💻 Ordi (ORDI) Analysis: Range Holding, Accumulation Spot.An analysis of Ordi (ORDI) suggests range holding, a potential accumulation spot, and identifies key levels, offering insights for market participants.
Key Insights:
Range Holding: Ordi is observed to be starting to hold a range low at $42.5 to $46.
Accumulation Spot: The analysis highlights that holding this range low could present a favorable spot for accumulation.
Key Levels: A hard stop is suggested at $36.88, with this level considered significant in risk management.
ORDI - 1D Bullish SetupOrdinals has already seen a major uptick in price, but currently we are forming a doji after 2 red days. This means the price could experience another run to the upside. On top of that, the RSI is right at the 70 level which if it can stay above it would be a perfect setup for a bounce.
ORDI Price MovementAs of December 6, 2023, ORDI was trading at $65.03, which was a 2.7% increase from the previous day. ORDI has also seen a 232% increase over the past week. The token's trade volume has also increased by 85% during this time, reaching $2.3 billion.
ORDI is a Bitcoin-based meme coin that has been following Bitcoin's price action. This means that if Bitcoin's rally stops, ORDI may also stop rising. This could cause the price of ORDI to drop to $55 or even $50.
ORDI has been the top performing asset in the top 100 cryptocurrencies. In the past three months, ORDI has increased by 1,432%.
ORDI has a Market cap of about $1.16 billion with a 24-hour trading volume of about $2.28 billion and a Circulating supply of 21 million ORDI.
ORDI's Chart pattern indicating a Falling Wedge. Will wait for a retest before buying the dip.
#ORDI Wait For ConfirmIn an ascending behavior, a diamond pattern is forming. Therefore, if there is a reversal confirmation candle in the red box area and it leaves the pattern until the specified areas, you can enter the sell position. So keep an eye on it for now and if approved, we will enter into the sale transaction.
The pullback that ORDI has been waiting for has finally arrived➡️We had watched it fly to the moon before, and while it was fun, there was certainly nothing like riding on a rocket.🚀
👀Today, when I found out that after a sharp correction, it happened to reach the support area of 0.382-0.5 of the Fibonacci sequence, and the reaction was good when it was touched, due to its popularity, for those who did not have the opportunity to be a passenger, this is nothing more than It is an excellent opportunity to enter the market, so when the market gives an opportunity, we need to seize it as soon as possible, so that we can achieve more generous profits.💯✔️
🧠From a technical point of view, we broke through the short defense point above and broke through the previous high. Therefore, we have reason to think that it will continue to rise. Maybe it will become the next TRB. This idea should be expected by many people. . If it can pull back to the buying zone again, this is also an area worthy of attention.👀
⚠️Note that anything can happen in the trading market, so don’t forget about risk management.💯✔️
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ORDI New HighORDI is the first token created in accordance with the BRC-20 fungible token standard on the Bitcoin blockchain.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Beautiful move on OrdinalsOrdinals is one of the first platforms for brc20 the bitcoin smart chain that runs on bitcoins blockchain.
We have the king of coins with smart contracts. I expect these coins to run hard the next bull run which we should see start within the next year.
I would say dont margin trade this unless you know what your doing but spot long and hold.
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...It gone.
I will not be looking to jump in front of this one until it gives something super ideal down.
It's in price discovery.
$40 is my trigger price to see if maybe it's done, nice place for a potential W4.
In at about $8.