I see that ORDI is still in a good zone for some trading, but itโs best to enter in phases rather than all at once.
๐ Entry Zones:
First entry: $3.85 โ $4.10
Second entry: $3.50 โ $3.70
Stop loss: Daily close below $3.30
๐ฏ Targets:
First target: $4.80
Second target: $5.50
Third target: $6.20+
๐ Technical reading: The price is moving within a consolidation phase after a long drop, and holding the $3.50โ$4.00 range supports the ongoing recovery. A breakout above $5.50 will give a positive signal for further upward movement towards higher levels.
โ ๏ธ Capital management is crucial, and itโs not advisable to risk more than a certain percentage of the portfolio on a single trade.
๐ This is not investment advice, just a personal perspective.
Always do your own research.
$ORDI
#OrdinalsProtocol
๐ Entry Zones:
First entry: $3.85 โ $4.10
Second entry: $3.50 โ $3.70
Stop loss: Daily close below $3.30
๐ฏ Targets:
First target: $4.80
Second target: $5.50
Third target: $6.20+
๐ Technical reading: The price is moving within a consolidation phase after a long drop, and holding the $3.50โ$4.00 range supports the ongoing recovery. A breakout above $5.50 will give a positive signal for further upward movement towards higher levels.
โ ๏ธ Capital management is crucial, and itโs not advisable to risk more than a certain percentage of the portfolio on a single trade.
๐ This is not investment advice, just a personal perspective.
Always do your own research.
$ORDI
#OrdinalsProtocol