ORDI roadmap (1D)
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From the point where we placed the red arrow on the chart, it seems that ORDI's correction has begun.
This correction appears to be a diametric pattern, and we are currently in wave E of this diametric, which is a bearish wave.
The green zone represents a low-risk area for buy/long positions.
If the price reaches the green zone during wave E, we can enter buy/long positions. However, if it reaches this zone after completing wave F, we will not proceed with buy/long.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
This correction appears to be a diametric pattern, and we are currently in wave E of this diametric, which is a bearish wave.
The green zone represents a low-risk area for buy/long positions.
If the price reaches the green zone during wave E, we can enter buy/long positions. However, if it reaches this zone after completing wave F, we will not proceed with buy/long.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade attivo
It dropped more than 34% and reached the entry zone
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