Current Overview of ORCA:
Price: $2.926 (+10.12%)
24h Range: $2.602 – $3.019
RSI (14): 52.36 (Neutral zone, slightly bullish)
Balance of Power: -0.48 (Bearish pressure stilldecreasing....
MA9 & ALMA9: Both around $2.995 (Price currently below both – slight bearish tone)
AD & ASI:
AD (Accumulation/Distribution): 0.67 (Weak but increasing interest)
ASI: -18.77 (Still negative, trend not fully reversed)
Entry Opportunity (Long/Buy Position):
Potential Entry Zone:
Around $2.60 - $2.70
This is based on the recent support level (24h low at $2.602).
If the price drops near this level again and shows a bounce or hammer candle, it could offer a good buy-the-dip opportunity.
Confirmation Needed:
RSI bouncing from 45-50 upward
Balance of Power moving closer to 0 or turning positive
Volume spike or bullish candlestick pattern (engulfing or pin bar)
Exit Opportunity (Short-Term Sell/Profit Booking):
Potential Exit Zone:
$2.98 – $3.10
This zone is aligned with the 24h high and also where the moving averages are acting as resistance.
Watch for:
RSI above 60 (sign of potential overbought zone)
Price struggling to break above $3.00+ multiple times
Balance of Power staying negative or volume decreasing...