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LedgerBull

$ORDI showing weakness with sustained downside pressure after rejection.


Structure remains bearish with sellers controlling lower highs.

EP
5.95 – 6.20

TP
TP1 5.55
TP2 5.20
TP3 4.80

SL
6.60

Liquidity above 6.30 remains untapped while price continues trending lower. Weak upside reactions with compression near lows suggest continuation to the downside if structure holds.

Let’s go $ORDI ‌
ORDI-13,9%
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FeeTaker
· 23m ago
This short position strategy is very clear; above 6.3, liquidity hasn't swept, making it difficult for the bulls to turn around.
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NightTideShell
· 3h ago
The EP range is given in detail, and SL 6.6 is also reasonable; the key is whether the pullback is accompanied by volume.
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BlueChipSkeptic
· 9h ago
I'm more worried about whether there will be strong buying pressure around 4.8, after all, previous lows are likely to see a rebound.
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ThetaSideEye
· 11h ago
Compressed at the low level + weak rebound, it indeed seems like a continuation is coming. Watch the reaction to the break below 5.55.
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ExitLiquidityBuddy
· 11h ago
TP is divided into three segments, which is good. Remember to gradually take profits and move the stop-loss down; otherwise, you risk being hit by a sudden sharp spike.
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LunaCircuit
· 11h ago
The sell orders controlling lower highs is very important; as long as the structure isn't broken, I agree with the short-term bearish outlook. Just be sure to decisively admit you're wrong if it moves above 6.6.
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FloatingMirrorSphere
· 11h ago
Will it be more stable if it first clears the 6.3 liquidity before shorting? Currently, I'm also worried about a sudden rebound and shakeout during the downtrend.
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GlassDomeBaskingInMoonlight
· 11h ago
It would be comfortable if there was another pullback near 6.20 to enter the market; I'm not very confident about shorting.
View OriginalReply0

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