Ordinals has had a fantastic run from November. After reaching nearly $100 it has begun ranging from $40-$80. Its so far been an amazing range to play and has now set up once more. Inflows vs Outflows in the spot-market have just switched positive.
Stoch has bounced of lows and is looking to regain strength.
ORDI often moves independently and before big moves from BTC.
This setup has a very easy invalidation around $36 and could prove to be an easy 6r trade.
Trade closed: stop reached
This trade was quickly invalidated. However it's now come back towards an area of interest for me. I'm now looking to give this idea another shot.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.