$ORCA /USDT Short Trade Opportunity 💯🔥
Market Overview:
$ORCA /USDT is experiencing a strong bearish trend, dropping over 10% in the last 24 hours. The momentum indicates the potential for further downside.
Trade Setup:
A short position aligns with the current trend. Confirmation of entry comes with a breakdown below $3.78.
Entry Price: $3.75
Take Profit (TP):
1. TP1: $3.50
2. TP2: $3.20
Stop Loss (SL): $3.95 (above the recent resistance)
Risk/Reward Ratio: 1:3 — Ideal for traders targeting high-probability setups.
Strategy:
Wait for a volume-backed breakdown below $3.78 before entering the trade.
Stay vigilant about market sentiment, and adjust SL and TP levels dynamically if conditions change.
Practice disciplined risk management to navigate potential swift market moves effectively.