ORDI - A SHORT is short

٨ مايو ٢٠٢٤

#ORDI/USDT #Analysis
Description
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+ The price is steadily following the channel, and the overall trend is bearish.
+ I don't anticipate this trend changing direction in the near future, so I'm opting for a SHORT trade here.
+ I expect the price to reach the resistance line and then retreat back to the support level.
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VectorAlgo Trade Details
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Entry Price: 38.938
Stop Loss: 42.416
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Target 1: 36.416
Target 2: 34.654
Target 3: 30.995
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Timeframe:
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo