🔴 $ORCA /USDT – Short Trade Setup 🔴
Market Overview:
$ORCA surged to $2.60 but faced sharp rejection, now forming consecutive bearish candles. This price action signals potential for a short-term correction following a steep upward move.
🔻 Entry Zone: $2.39 – $2.42
(Ideal entry near rejection zone for downside positioning)
🎯 Take Profit Targets:
• TP1: $2.21
• TP2: $2.08
🛑 Stop Loss: $2.55
(Above recent high and invalidation zone)
📊 Technical Insight:
The 1H chart reflects buyer exhaustion with lower highs forming post-rejection. Momentum has clearly faded, and volume divergence supports the bearish bias.
💡 Pro Tip:
Wait for a confirmed candle close below $2.36 before increasing position size. This improves risk control and confirms breakdown structure.