The $ORCA /USDT pair is showing strong bullish momentum, currently trading at $4.084 after a significant 10.17% surge. The price recently tested a high of $4.099, suggesting the potential for continued upward movement. With increasing buying volume, the rally may extend further if resistance levels are broken. Traders should monitor key levels closely for potential opportunities.
Price Targets: Target 1: $4.120 – Immediate resistance; a breakout here could confirm further upward movement.Target 2: $4.180 – A short-term target if momentum remains strong above $4.120.Target 3: $4.250 – A longer-term target in case of sustained bullish continuation.
Stop-Loss: Set at $3.950 to manage risk in case of a pullback or trend reversal.
Trading Strategy: If the price breaks above $4.099 with strong volume, it could rally toward the mentioned targets. However, failure to hold above $4.050 might lead to consolidation or a retracement. Traders are encouraged to use tight stop-losses and closely monitor breakout levels for optimized entries and exits.
Should cryptocurrency be legalized in Bangladesh, what is your opinion ?
Positive Aspects of Legalizing Cryptocurrency in Bangladesh
Legalizing cryptocurrency in Bangladesh could bring significant economic and technological benefits. It would attract foreign investments, foster startup growth, and generate substantial tax revenue, boosting the country’s economy. Cryptocurrency can play a crucial role in providing financial services to unbanked populations and enabling cost-effective international transactions. Additionally, the adoption of blockchain technology coul