"ORDI/USDT Long Setup - Triangle Breakout with Clear Risk-Reward

ORDI is displaying a bullish breakout pattern from a descending triangle, indicating potential for upward momentum. After breaking out of the resistance zone near $41.6, it appears to be consolidating for another leg up.


Descending triangle broke upwards, signaling bullish sentiment.

A smaller symmetrical triangle is forming near the breakout zone, suggesting accumulation.

Keylevels-
Resistance: $41.6 (previous breakout level).

Support: $37.6 (key level for risk management).

Technical indicators

Bullish momentum evident as price makes higher lows.

Volume analysis suggests increased interest on breakout candles.


Trade plan
Entry: Buy near $39.6, at the lower boundary of the symmetrical triangle.

Profit Target: $48, based on the measured move of the descending triangle breakout.

Stop Loss: $37.6, below the recent swing low.