š $ORCA /USDT ā Downtrend Still Dominant, Minor Bounce Faces Resistance š
ORCA is currently priced at $2.21 after recovering slightly from a sharp drop to $2.05. While it has managed to stay above the recent low, the price action remains weak and suppressed under major moving averages, suggesting continued caution.
š Technical Analysis
⢠MA Overview: Price is below all key MAs ā MA(7) = $2.216, MA(25) = $2.284, and MA(99) = $2.486. Trend remains bearish.
⢠Support Zone: $2.05 ā $2.15 is the immediate base holding up recent price action.
⢠Resistance Zone: $2.29 ā $2.32 is the short-term ceiling, with heavier resistance around $2.48.
⢠Price Behavior: Small bounce, but no breakout from resistance or trend shift ā bears still control the narrative.
šÆ Trading Plan
š“ Bearish Setup (Preferred)
⢠Entry: $2.21 ā $2.26
⢠TP1: $2.13
⢠TP2: $2.05
⢠SL: $2.30
š¢ Speculative Long Setup
⢠Entry: $2.10 ā $2.15
⢠TP1: $2.26
⢠TP2: $2.34
⢠SL: $2.03
š Note: ORCA must reclaim and hold above the MA(25) and MA(99) with strong volume to flip momentum. Until then, lower highs and steady selling suggest more downside risk.
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