$ORCA
/USDT Technical Analysis and Trade Strategy📈📊
Current Price: $4.83
24h Change: -2.93%
24h High/Low: $5.066 / $4.752
Technical Indicators
1. Support Levels:
S1: $4.752 (24h low)
S2: $4.780 (near AVL)
2. Resistance Levels:
R1: $4.921 (SAR resistance)
R2: $5.066 (24h high)
R3: $5.200 (next resistance level)
3. Key Indicators:
SAR (Stop and Reverse): $4.921 — suggests a resistance level; price may struggle to break above this point.
AVL (Average Level): $4.842 — near the current price, offering potential support.
Volume:
24h Vol (ORCA): 1.91M
24h Vol (USDT): 9.43M — low volume, indicating weaker market participation.
🎯 Trade Strategy
Trade Setup
Entry Zone: $4.780–$4.820 (buy near AVL or after a minor pullback)
Stop Loss: $4.752 (below 24h low)
Risk/Reward Ratio: 1:3
Target Keys 🎯
1. 🎯 Target 1: $4.921 (SAR resistance)
2. 🎯 Target 2: $5.066 (24h high)
3. 🎯 Target 3: $5.200 (next resistance level)
Trade Execution Plan
1. Buy Entry: Between $4.780–$4.820.
2. Take Profit:
30% at $4.921
40% at $5.066
30% at $5.200
3. Stop Loss: Exit if the price drops below $4.752.
Risk Management Tip
Once 🎯 Target 1 is reached, consider moving stop loss to breakeven to reduce risk.
Be cautious near $4.921 as it may provide significant resistance, potentially leading to price rejection.
Since the volume is lower, a strong price move may signal a breakout, but watch for confirmation of momentum.
#MarketNewHype #ETHHits4KAgain #BTCNewATH #MicroStrategyJoinsNasdaq100