$ORCA Price Action Alert
Massive Long Liquidation Detected
A long liquidation of $1,856.1 was triggered at $2.790, sending shockwaves through the $ORCA market. This signals intense volatility and a critical point for bulls and bears alike. Here's a complete technical breakdown for smart traders watching the next move:
Technical Analysis and Trade Setup:
Current Price Zone: Around $2.70–$2.80
Trend: Short-term bearish after liquidation
Volume Spike: Detected during the liquidation — often a sign of reversal or continuation
Buy Zone:
$2.42 to $2.55
This is the demand zone where price may find support after heavy long liquidations.
Ideal zone to accumulate ORCA if volume sustains and price stabilizes.
Targets:
Target 1: $2.88 (Gap Fill Zone / Weak Resistance)
Target 2: $3.12 (Pre-liquidation high zone)
Target 3: $3.38 (Breakout confirmation if momentum sustains)
Stop Loss:
Place SL at $2.36
Below this, structure breaks and sellers may take full control.
Strategic Insight:
The recent liquidation event at $2.790 was not just a technical flush but a message from the market — weak longs have exited. Smart money often enters post-liquidation when fear dominates. Watch closely how price reacts at the $2.42–$2.55 zone. If support confirms, this could set up for a strong reversal.