$ORDI 5 minutes RSI smashed to 3.6. Extremely oversold. I’ve seen this situation way too many times.
Current price: 3.455. The 24-hour drop is 2.1%, and it’s testing the recent low at 3.452.
On the 4-hour chart, price has been trading below the EMA9 (3.569), EMA21 (3.579), and EMA50 (3.583). The three moving averages are almost stuck together in the 3.57–3.58 range, indicating this level has been fought over for a long time. MACD continues to diverge below the zero line—shorts aren’t finished yet.
But the daily chart isn’t that ugly. RSI is in the neutral 50 area, and the MACD histogram is still positive, suggesting the broader trend hasn’t flipped bearish. 3.467 (EMA21) is the key defensive level on the daily timeframe.
As for funding, the funding rate is -0.00003, slightly negative. The people shorting are paying the people going long. Volume is shrinking; the last 4-hour candlestick’s volume is only about 60% of the average. A selloff with reduced volume isn’t panic liquidation—it looks more like a slow bleed and position-shaking.
Resistance: 3.51, 3.57, and 3.70. Support is this 3.452 level; if it breaks, look at 3.30 (the previous low).
I remember clearly the earlier ORDI rally from 3.18 to 4.36. Now it’s giving back to around the breakout point. With oversold conditions to this extent, the bulls may move back at any time. But a rebound isn’t the same as a reversal—you need to see whether price can reclaim and stand back above 3.57.
Nini’s plan
Current price: 3.455
Bias: slightly bullish
Execution conditions: 5-minute RSI turns up + enter only after the 15-minute candle closes with a lower wick
Entry range: 3.42–3.46
Stop-loss: 3.30 (if it breaks the daily previous low, exit)
Take-profit: 3.57 (the EMA confluence zone) / 3.70 (previous high pressure)
At this level, I’m not chasing shorts. Oversold isn’t a reason to short—it’s a reason to wait for a rebound. The setup is right here; the risk/reward is good. I’ll try it.
In extreme oversold conditions like this, rebounds often come faster than you think. Have you controlled your position size?
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