Intraday Trade Setup for $ORCA /USDT
Market Overview: ORCA/USDT is trading at $3.246 (+3.38%), approaching a strong resistance zone. RSI is 69 (overbought), and KDE Optimized RSI shows 48.68% bearish inclination, suggesting a potential pullback. Key resistance: $3.250 - $3.341, while support levels: $3.150 - $2.901.
📉 Short Trade Setup (Higher Probability Bearish Move)
• 🔹 Entry Zone: $3.250 - $3.341 (Strong resistance)
• 🔹 Stop-Loss (SL): Above $3.35 (Invalidation level)
• 🔹 Take Profit (TP) Targets:
• TP1: $3.150 (First support)
• TP2: $3.037 (Next key level)
• TP3: $2.901 (Major support)
• 🔹 Risk-Reward Ratio: 1:3 (High-probability trade)
📊 Trade Execution Plan: Wait for price to enter $3.250 - $3.341, look for bearish confirmation (RSI drop, rejection wick, volume spike), then enter a short trade with SL at $3.35 and TP at $3.150 - $2.901. Move SL to breakeven after TP1. 🚨 If price breaks above $3.35, bearish setup is invalid. 🚨