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【$ORDI Signal】Empty position, waiting for selling pressure confirmation
$ORDI Price decline accompanied by high open interest suggests that main force distribution is more likely than pure long liquidation. Market logic indicates the need to beware of sustained selling pressure.
🎯 Direction: Empty position (NoPosition)
The current market shows a combination of falling prices and high open interest, which is a typical potential main force distribution signal. Price action (PA) indicates active selling rather than passive liquidation. Healthy reset requires a decrease in open interest and absorption of selling pressure, neither of which has occurred yet. Be patient and wait for the market structure to provide clearer signals, whether it’s a rebound opportunity after selling pressure wanes or a follow-up to confirm a downtrend.
Trade 👇 here $ORDI
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