$ORCA /USDT BEARISH BREAKDOWN – LIQUIDITY DRAIN BELOW SUPPORT ZONE!
$ORCA has lost critical short-term support around the $2.60–$2.62 region on the 15-minute chart. After failing to hold higher lows near $2.70, the price dropped sharply, confirming a lower high and triggering strong selling momentum. Current price sits at $2.553 with visible downside pressure.
Trade Setup (SHORT):
Entry: $2.560 – $2.590
Target 1: $2.470
Target 2: $2.380
Stop Loss: $2.610
Why Short?
The breakdown from a rising wedge pattern with increasing red volume candles signals bearish continuation. The support flip into resistance and back-to-back rejection wicks suggest bears have taken over. Unless bulls reclaim $2.62 fast, lower zones will likely be tested.
Risk Management Tip:
Stick to stop-loss above $2.610. If the price starts consolidating above $2.60 again, exit early and reassess.
Don’t let this breakdown fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!