Technical analysis by ULYSSESTRADER about Symbol ORDI: Buy recommendation (8/21/2025)

📝 Trade Setup Explanation Pair: ORDI/USDT (Perpetual Swap on OKX) Timeframe: 2H (2-hour chart) Indicators/Tools Used: Fibonacci retracement, support/resistance zones, RR box 📊 Technical Breakdown Fibonacci Levels: Price is holding near the 0.146–0.118 Fib zone (8.84–8.87). This area acts as a support base after a retracement from recent highs. Entry Zone: Current entry around 8.80–8.84, which coincides with Fibonacci support. Stop Loss (Risk): Positioned at 8.01, just below the 0 Fibonacci level (8.45). Gives room for volatility but invalidates setup if broken. Take Profit (Reward): Target near 10.08 (0.618 Fib level). This aligns with a significant resistance zone where sellers may appear. Risk-to-Reward Ratio: Roughly 1:2, offering strong upside potential against controlled risk. 🎯 Trade Idea Bias: Bullish (Long) Entry: ~8.80 Stop Loss: ~8.01 Target: ~10.08 Reasoning: Price is sitting at key Fib support, presenting a bounce opportunity toward the 0.618 retracement resistance. Favorable RR setup for a swing trade. 👉 This is a support-based Fibonacci long setup — ideal for traders looking for a bounce play with clearly defined invalidation.