$ORCA / USDT – Knife Falling or Bounce Brewing?

Current price: $2.622 (down -2.05%), with a 24h range of $2.602 – $2.826.

Volume stands at 1.14M ORCA / $3.10M USDT, and momentum is clearly on the downside.

RSI(6): 26.49 – Deep in oversold territory.

MACD: -0.006 with DIF < DEA, showing ongoing bearish momentum.

MA(5) < MA(10) confirms recent short-term weakness.

Breakout Scenario (Bullish Setup):

Watch for a move above $2.68 (recent resistance).

A 1H close with volume >1.5x avg could trigger a bounce towards $2.74, then $2.82.

Breakdown Scenario (Bearish Setup):

If ORCA breaks $2.60 support (daily low),

expect further downside to $2.54, and if that fails, $2.48 next.

Pro Tip:

The setup is in oversold capitulation mode.

Aggressive buyers can scalp between $2.60–$2.62 with a tight SL below $2.59.

Safer entry = wait for $2.68 breakout + volume confirmation.

Caution: Weak momentum + low RSI means there's bounce potential, but risk is real. Keep stop-loss tight!

Decision point approaching – bounce or bleed? Watch closely!

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