ORN/USDT Break the resistance or ORN will Retesting Phase!💎 ORN has recently undergone significant market dynamics. Presently, ORN is encountering resistance at a local resistance area.
💎 If ORN successfully breaks above this resistance and closes above it daily, it could signal further upward movement for the price, potentially reaching our target area.
💎 However, if ORN fails to break above the resistance soon, there is a possibility that the price will decline and retest the demand area around $1.38 to gather new momentum.
💎 Upon reaching the demand area, ORN must bounce if it intends to continue its upward trajectory. However, if ORN breaks below the demand area, it could indicate a bearish trend reversal, leading to further downward movement in price.
Ornusdtanalysis
ORNUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 10 - 14 - 16.5
after first target reached move ur stop to breakeven
stop: ~6.2 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to your questions or suggestions.
ORNUSDT TO $13!Coming at the back of this downtrend could be a new structure.
Price is currently testing a daily level of resistance at $6.5 and has already thrown wick rejections at the level.
However, we have broken out of the long-term descending channel on the daily timeframe, and as well pushed with bullish momentum into this current level.
We could still see sells, but if price breaks above this current level, we could see the next stop at $13.
ORNUSDT Falling Wedge BreakoutORNUSDT Falling Wedge Breakout
We are just waiting for the Falling Wedge Bullish Breakout & Retest. I have just completed the setup and you can easily find all the entry and exit points by watching the chart.
NOTE: Not financial advice or signal. Do your own analysis, do proper Risk & Money Management. Do Trade on Spot Only.
ORNUSDT Bullish DivergenceORNUSDT Bullish Divergence
ORNUSDT was in the correction phase since March 23, 2021, and now we can see a clear Bullish Divergence in the market. The market could not break the level 15.5 below and rejected two times. We may see Bullish Three Dive Pattern and then to the moon.
I am expecting an ATH at level 40.000.
If you are in this trade, please do proper risk and money management.
