Everyone is staring at that massive candle, but they’re missing the real story here.

$ORDI ‌ just pulled off a vertical move to 10.70 and then got absolutely slammed back down. That kind of volatility is a nightmare if you’re catching knives. Right now we are hovering around 4.50, and it looks like the initial panic selling has cooled off for a second.
The chart shows a lot of indecision here. We had a tiny bounce from the 3.50 support zone, but there’s no real follow-through volume yet. It feels like the market is waiting for a reason to either send it back to 6.00 or let it crumble back to the 2.00 base where it started.
I wouldn’t touch this with a ten foot pole until I see a solid consolidation base. If 4.50 holds for another day or two, we might see a relief rally, but that rejection at the top was violent.
Be careful with your leverage on this one. It’s a total coin toss until the range settles.

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