ORDI Trading Strategies

According to technical analysis, it is advisable to maintain a wait-and-see attitude and wait for a clearer buy or sell signal;

Short-term traders should pay attention to the support and resistance levels provided by the RSI and Bollinger Bands, as well as further changes in the MA and MACD indicators;

As the current price is close to the first support level of Pivot points, consider placing a stop loss near this level to reduce potential downside risk;

If the price is able to break above the 1-hour moving average of $53.80, consider buying in moderation and set a take profit near $58.62, which is close to the upper band.