ORDI is currently out of position. Although the 4-hour trend is still intact, a closer look at the 1-hour chart shows clear signs of waning momentum—MACD has just crossed into a death cross, and the 4.60 level has been repeatedly pushed down during multiple attempts to rally, indicating strong resistance.
This trade aligns with a typical left-side pullback strategy, with a decent risk-reward ratio. Entering around 4.57, with a stop loss just below the recent high at 4.65, provides clear risk management. On the downside, watch whether the 4.4 to 4.1 range can hold as support.
Honestly, stop losses should be well-placed, strictly adhered to, and both profits and losses are to be borne individually.
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DefiVeteran
· 15h ago
Just go all in or stay out. Entering at 4.57 this time is worth a try, but the resistance level at 4.60 really can't hold. Breaking through is actually a good thing.
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DogeBachelor
· 15h ago
4.6 this hurdle is indeed tough; if you can't get past it after multiple attempts, you have to admit defeat.
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FreeMinter
· 15h ago
Just go completely out of position, anyway, the 4.6 level really can't hold, waiting for a pullback to get in isn't too late.
ORDI is currently out of position. Although the 4-hour trend is still intact, a closer look at the 1-hour chart shows clear signs of waning momentum—MACD has just crossed into a death cross, and the 4.60 level has been repeatedly pushed down during multiple attempts to rally, indicating strong resistance.
This trade aligns with a typical left-side pullback strategy, with a decent risk-reward ratio. Entering around 4.57, with a stop loss just below the recent high at 4.65, provides clear risk management. On the downside, watch whether the 4.4 to 4.1 range can hold as support.
Honestly, stop losses should be well-placed, strictly adhered to, and both profits and losses are to be borne individually.