Technical analysis by C_L_Y about Symbol ORDI: Sell recommendation (6/9/2024)

(4H) (1H)Fakeout happened at resistance of Parallel Channel (blue line)Price breakout green trendline tooEntry Price: 59.90 (Market)SL: 62.4 - 62.85TP 1: 55.2TP 2: 52.2Forgot to said another reason:1. By looking at 1D timeframe, you can see that ORDIUSDT had 7 consecutive bullish candles. *The probability of ORDIUSDT to continue forming 8th BULLISH candle or a BEARISH candle to create some retracement is high?2. The body of those BULLISH Candle is small, with LONG Wick at TOP. Shows that Rejections are coming in. Those buyers who had long at bottom might start taking profit.IF you learns from my sharing & like the way I explain my ideas. Do boost my ideas. It HELP a lots.Have a nice day, Cheers.by Chai~TP 1 HIT, SECURE 70-80% PROFIT. MOVE SL TO BREAKEVEN. LET THE RUNNER RUNMy position:ibb.co/hVf0dYTTP 2 HIT