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$ORDI just pulled a move that actually looks insane on the daily chart.
We were basically flatlining around $2.00 to $3.00 for weeks and then out of nowhere it just verticalized. It hit a high of $9.68 before cooling off slightly to where we are now at $8.77.
When you see a candle this big, the main thing to watch is the retracement. The volume is huge at $175M but that long wick at the top shows people are definitely taking profits.
If it can stay above $6.70 then the momentum might carry it for another leg, but honestly, chasing a 180% move in one day is usually how people get stuck. I'd rather see it consolidate here and build a real base.
The order book is showing nearly 69% by side pressure though, so the interest is definitely there.
Are you guys FOMOing into this or waiting for it to actually breathe first?
#WCTCTradingChallengeShare8MUSDT