$ORCA Bearish Structure....Weak Momentum
Price showing clear rejection from higher levels with lower highs forming — sellers gaining control. Recent move looks like a distribution phase after previous pump, and momentum is shifting bearish on higher timeframe.
Market is struggling to hold above mid-range, and repeated rejections near resistance indicate weak buying pressure. If this weakness continues, further downside is likely.
Trade Setup:
Short (preferred):
Entry: $1.48 – $1.52
SL: $1.60
TP1: $1.40
TP2: $1.32
TP3: $1.20
Alternative: Break & hold above $1.60 → trend invalidation (bullish reversal)
ORCA
1.913
+21.53%