$ORCA SIGNAL ALERT 🔴✨️✨️✨️✨️
$ORCA is currently forming a Head and Shoulders pattern on the 4-hour timeframe. This is typically a bearish chart pattern that signals a possible trend reversal from bullish to bearish if the neckline breaks.
The Left Shoulder formed near 2.88, the Head peaked around 3.18, and the Right Shoulder has just formed near 3.00, failing to reclaim the previous highs. The price is now hovering close to the neckline area around 2.88.
If $ORCA breaks and closes below this neckline with noticeable selling volume, we could see a drop towards the 2.78-2.80 zone in the short term. Keep an eye on volume and a clean break confirmation before acting on this setup.
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dr_mt