BINANCE:ORDIUSDT.P   ORDI / TetherUS PERPETUAL CONTRACT
#ORDI/USDT #Analysis
Description

---------------------------------------------------------------
+ The price is steadily following the channel, and the overall trend is bearish.
+ I don't anticipate this trend changing direction in the near future, so I'm opting for a SHORT trade here.
+ I expect the price to reach the resistance line and then retreat back to the support level.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 38.938
Stop Loss: 42.416
------------------------------
Target 1: 36.416
Target 2: 34.654
Target 3: 30.995
------------------------------
Timeframe:
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo

Enhance. Trade. Grow

🖥 Website: www.vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo

Join for latest signals/updates/advice.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.