ORDI Flying as expected

7 dic 2023

Hey Everyone,

I analysed this chart and concluded the following:

Here is my Technical Outlook:

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ORDI Bullish Continuation & Bullish Trend, atleast for the moment

Liquidity Levels are also mentioned

It made a good move as expected

Technicals are highly bullish

Bias: still Bullish

Price broke out of Strong Key levels following consolidation from last months with massive volume breakout

Price Above 200 EMA and Strongly Holding it

Timeframe: 1H

Manage your risk properly, Sell in Profit if you were holding from past few months, still risky to enter from here, wait for price to pullback to lower demand levels for new entries

Shorting is also very risky in current bullish scenario, So manage your risk properly\

BTC is also very bullish on HTF trend, but BTC dominance is outperforming alts market

But this coin managed to pump by outperforming BTC

Keep an eye on it

Also stay focused on BTC dominance, Total, Total2 and total3 for clear market direction

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Always use Proper Risk Management

WISH YOU GOOD LUCK :)