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💹$BNB #TrumpBTCBoomOrBust #BullCyclePrediction ORCA/USDT Analysis Report
Current Price: $3.804 (-12.51%)
Timeframe: 1-Hour Chart
Key Observations:
1. Resistance Levels:
$4.35 (24H High, strong resistance).
$4.70 (next critical resistance).
2. Support Levels:
$3.78 (24H Low, critical support).
$3.50 (additional key support below).
3. Trend:
The trend indicates a downward correction after a spike. The price is currently near a support zone.
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📈 Long Trade Setup:
Entry Level:
Enter near $3.78 (close to support).
Target Levels:
Target 1: $4.10
Target 2: $4.35
Stop Loss:
Place stop loss at $3.70 to manage risk.
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📉 Short Trade Setup:
Entry Level:
Enter near $4.10 (current price or a slight pullback).
Target Levels:
Target 1: $3.85
Target 2: $3.78
Stop Loss:
Place stop loss at $4.20 to avoid unexpected reversals.
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⚠️ Risk Management Tips:
Always maintain a risk-to-reward ratio of at least 1:2.
Monitor volume and volatility as it impacts momentum.
Good luck with your trades! 📊💰