ORDI just got slammed off the $4.40 resistance with 5x average volume — the relief rally is officially dead.
$ORDI $3.716 Short TP $3.58 SL $3.82
Price has sliced through MA7 at $3.80 and is now trading below it — the same MA7 that held firm through the entire $3.08→$4.40 parabolic run. That is a structural breakdown, not a pullback.
Volume tells the real story: the $4.40 rejection candle dumped 1.58M ORDI in a single 4h bar — the heaviest sell volume in months — while the current bounce is scraping by on a pathetic 50k. Distribution day, plain and simple.
DYOR
$ORDI $3.716 Short TP $3.58 SL $3.82
Price has sliced through MA7 at $3.80 and is now trading below it — the same MA7 that held firm through the entire $3.08→$4.40 parabolic run. That is a structural breakdown, not a pullback.
Volume tells the real story: the $4.40 rejection candle dumped 1.58M ORDI in a single 4h bar — the heaviest sell volume in months — while the current bounce is scraping by on a pathetic 50k. Distribution day, plain and simple.
DYOR