$ORCA Just Triggered a Major Short Liquidation!
$20.547K wiped out at $2.683 — Bears just got crushed!
This sharp move could be the start of a strong bullish wave as weak hands get shaken out and momentum builds.
Technical Analysis (Simple & Strategic):
Buy Zone:
$2.52 – $2.68
(Wait for a possible retest of the liquidation level or a small dip into the range for better entry.)
Target Zones:
Target 1: $2.89 – first resistance
Target 2: $3.15 – previous supply zone
Target 3: $3.49 – high risk-reward zone if momentum continues
Stop Loss:
Below $2.47 (under the recent swing low and invalidation point of the bullish structure)
Key Note:
Volume spike around liquidation area indicates growing interest. If price holds above $2.683 with follow-through buying, expect an explosive breakout. Watch for confirmation candles on 4H and daily charts.
Let me know if you'd like a chart with this breakdown or a version of this post formatted for Twitter, Telegram, or your trading group.