【$ORDI Signal】Pullback to go long and short squeeze

$ORDI After a surge on the 1H timeframe with shrinking volume, the 4H Bollinger upper band at 3.2889 was pierced, then the price pulled back. RSI on 1H is at 68, while on 4H it soared to 80.67, indicating a break in buying strength. MACD on 1H shows shrinking histogram bars, while on 4H it remains expanding, increasing the divergence between bulls and bears. Market depth shows slightly thicker sell orders, and the funding rate is -0.0076%, indicating a potential short squeeze.

The price can attempt to go long around 3.20, which is the confluence point of the 1H EMA20 and the previous high-volume trading zone.

⚡Entry: around 3.20

🛑Stop loss: 2.520

🚀Target 1: 3.326

🚀Target 2: 3.339

🛡️Trade management: - Execute strategy: Half position at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 3.25, consider exiting early.

In a negative funding rate environment, prices remain resilient, and bears face the risk of being squeezed. On the 1H timeframe, it’s crucial to observe whether the price can regain support in the 3.15-3.20 zone with increased volume, which is key to whether the short-term bulls can regain momentum. The current risk-reward ratio is acceptable, but caution is needed regarding profit-taking at high levels.

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