$ORCA Short Liquidation Alert
$6,574 Liquidated at $2.606
A big move just shook out overleveraged shorts on ORCA. When short positions start getting wiped out like this, it often signals a shift in market momentum — and right now, bulls might be gaining strength.
Technical Analysis – $ORCA Setup
Current Price Zone: ~$2.61
Short Liquidation Level: $2.606
This price level is acting as a key liquidity pocket. The market absorbed a significant short wipeout here, indicating strong buy-side interest.
Buy Zone
$2.48 – $2.60
This is the accumulation range where risk/reward is favorable. If ORCA dips into this zone again, it may present a high-potential entry as long as the volume confirms buyers stepping in.
Target Levels
1. Target 1: $2.85 – First resistance and psychological barrier
2. Target 2: $3.10 – Previous support turned resistance
3. Target 3: $3.40 – Breakout level from February swing high
Stop Loss
$2.38
Below this level, structure breaks and downside momentum could return. Keep risk tight if the price fails to hold above the buy zone.
Conclusion
$ORCA just triggered a liquidation trap. With shorts blown out and liquidity swept, the setup is heating up. Watch for strong volume above $2.60 — that’s your ignition. If momentum builds, we could see a clean rally toward $3 and beyond.