$ORCA showing strong bullish momentum with a 91.45% surge to $2.99. The price has broken through all major moving averages with MA50 at $1.92 now acting as support.
Clear higher lows forming with volume confirming the breakout. RSI at 76.37 indicates overbought conditions, suggesting potential short-term pullback. MACD bullish cross adds strength to the uptrend.
Key resistance zone at $4.29-$4.70 aligns with R1 at $4.85. First support at $2.93 needs to hold to maintain bullish structure. Pivot at $3.20 is critical for continued momentum.
The expanded Bollinger Band width (131.86%) confirms high volatility. With price in discovery mode and strong volume (14.94x ratio), this move has conviction despite overbought signals.
Entry strategy: Wait for pullback to $2.93-$3.00 support zone. Set stops below $2.56. Target first take-profit at $4.29 with final target at R1 ($4.85). Risk-reward ratio approximately 1:3.
No financial advice disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before trading.
