The recent sharp drop appears to have completed wave (b), with price breaking below the highlighted trendline, signaling weakness in the current ORDI structure. 🚮 This breakdown suggests a shift in momentum and confirms the transition toward the expected next phase of movement.
📉 Wave (c) Movement & ORDI Retracement Potential:
As price progresses inside wave (c), there is a realistic chance of a retracement back toward the broken trendline. This type of pullback is common in corrective structures and may serve as a temporary recovery move before further downside. 🫰
🎯 ORDI Selling Opportunity at Key Trendline:
If price revisits the broken trendline resistance, it could offer a high-probability selling opportunity, especially if rejection or bearish candles appear at that level. ☄️ Patience is key! waiting for confirmation increases the odds of a successful entry.
