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ORDI has had some activity these days, rising nearly 4.8% in the past 6 hours, from around 3.35 to about 3.56. It looks like something, but honestly, there's not much to get excited about with this rebound.
First, look at the technical side, MACD's DIF and DEA are both below the zero line, at -0.281 and -0.208, a typical bearish alignment. RSI has slightly bounced back from the low, but the momentum is soft and weak, showing no signs of a reversal. Moving averages are more straightforward; MA25 is still pressing down from a high of 4.24, and the current price can't even hold above 3.6, with all the ceilings above.
Next, look at the capital flow. Recently, there's been a large outflow, indicating that people holding tokens are quietly selling off. During this time, rushing in to buy is not brave, but stubborn. The community's bullish voices are loud, but talk is cheap compared to real money.
So the strategy is simple: those with positions should sell during this rebound, don't expect it to go much higher. Those without positions, don't try to catch the falling knife; with this trend, it's likely to bottom out further or continue to probe lower. Rebounds are opportunities to run, not chances to chase dreams.
ORDI's current state has almost exhausted its speculative space. Just sell and don't overthink it. $ORDI #Gate正式推出股票交易