$ORCA /USDT: Bounce Back Trade Opportunity
1. Entry Point: $3.78 (breakout confirmation above consolidation zone)
2. Take Profit Targets:
TP1: $3.95
TP2: $4.10
TP3: $4.25
3. Stop Loss: $3.65
4. Technical Insight: ORCA/USDT is attempting a recovery after finding support at $3.65. Watch for a breakout above $3.78 to signal bullish momentum.
5. Risk-Reward Ratio: Attractive 1:4 setup with strong potential upside if resistance levels are cleared.
6. Trend Outlook: Short-term recovery expected; breaking $3.95 could signal trend reversal.
7. Volume Confirmation: Increased buy volume is needed to validate the upward movement.
8. Trailing Stop Suggestion: Shift stop loss to $3.78 after TP1 is reached to protect gains.
9. Timeframe: Ideal for intraday traders or swing trades, focusing on short-term momentum.
10. Reminder: Stick to disciplined risk management and secure partial profits at each target.