ORDI is displaying a bullish breakout pattern from a descending triangle, indicating potential for upward momentum. After breaking out of the resistance zone near $41.6, it appears to be consolidating for another leg up.
Descending triangle broke upwards, signaling bullish sentiment.
A smaller symmetrical triangle is forming near the breakout zone, suggesting accumulation.
Keylevels-
Resistance: $41.6 (previous breakout level).
Support: $37.6 (key level for risk management).
Technical indicators
Bullish momentum evident as price makes higher lows.
Volume analysis suggests increased interest on breakout candles.
Trade plan
Entry: Buy near $39.6, at the lower boundary of the symmetrical triangle.
Profit Target: $48, based on the measured move of the descending triangle breakout.
Stop Loss: $37.6, below the recent swing low.
Descending triangle broke upwards, signaling bullish sentiment.
A smaller symmetrical triangle is forming near the breakout zone, suggesting accumulation.
Keylevels-
Resistance: $41.6 (previous breakout level).
Support: $37.6 (key level for risk management).
Technical indicators
Bullish momentum evident as price makes higher lows.
Volume analysis suggests increased interest on breakout candles.
Trade plan
Entry: Buy near $39.6, at the lower boundary of the symmetrical triangle.
Profit Target: $48, based on the measured move of the descending triangle breakout.
Stop Loss: $37.6, below the recent swing low.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.