【$ORDI Signal】High-level risk intensifies, waiting for a pullback to go long

$ORDI 1H RSI skyrocketed to 80.67, and on the 4H timeframe it even surged to 96.95, indicating that buying momentum is severely overextended. The MACD histogram begins to contract on the 1-hour chart, and after piercing the upper Bollinger Band on the 4-hour chart, the price pulls back, greatly increasing the risk of chasing the high.

The current price is not suitable for directly going long, but the bullish trend has not been broken. Choose to place orders below for accumulation.

⚡Entry/Order: Between 4.215 and 8.450, place a long order near 8.0.

🛑Stop loss: 3.201

🚀Target 1: 8.536

🚀Target 2: 8.571

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

Order book depth shows sell orders stacking up, while buying strength is relatively weak. The 1-hour trading volume shrinks after the surge, indicating decreased willingness for capital continuation. The 50 EMA on the 4-hour chart at 3.21 provides strong support, which is the last line of defense for the bulls. The risk-reward ratio at the current high level is not ideal; patience for a decent pullback, allowing market sentiment to cool, is a more prudent entry point.

Check real-time market 👇 $ORDI
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