$ORCA

/USDT Technical Analysis & Trade Signal

Current Price: $3.94

24h Price Change: +5.80%

Technical Overview:

Trend: Bullish momentum, price currently trending upward.

Support Level: $3.59 (24h Low)

Resistance Level: $3.94 (recent high)

Indicators:

RSI (Relative Strength Index): Currently around 60-70, indicating a healthy bullish momentum but approaching overbought territory.

MACD: Bullish crossover suggesting ongoing upward momentum.

Moving Averages: 50 MA is above the 200 MA, confirming an uptrend.

Trade Signal:

Buy Signal: Enter long position at $3.94 or on a pullback to $3.83 (support).

Stop Loss: $3.59 (below the 24h low).

Take Profit Targets:

1. Target 1: $4.05 (near the next resistance level).

2. Target 2: $4.20 (strong psychological resistance).

3. Target 3: $4.40 (previous higher resistance).

Trade Momentum:

Momentum is bullish but watch for signs of overbought conditions. Traders should consider monitoring RSI levels to avoid entering too late into the uptrend. If RSI reaches 80+, consider scaling out or securing profits.

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