The cryptocurrency market is demonstrating a wave of selling architecture, with many coins recording significant price drops. Among them, $ORCA and $ACX are leading the decline, attracting the attention of traders. Below is a detailed analysis of the key variables and values to monitor.

1. ORCA – The largest drop, increasing selling pressure

ORCA recorded a drop of 9.07%, currently trading at $5.636. This significant decline indicates substantial selling pressure, which may arise from activity after a previous price increase or from a natural market correction.

  • Technical analysis:
    ORCA is approaching a critical support level at $5.50. If this level cannot be maintained, the price could continue to plummet, opening up further tests of lower bases. Conversely, if the price stabilizes at this support level, ORCA could create an opportunity for a short-term recovery.

  • Trading advice:
    Traders need to closely monitor reversal signals at the support level, while also considering digital risk management to avoid risks from deeper declines.

2. ACX – Decreasing depth, testing the support zone

ACX dropped 7.94%, trading at $0.8657. The decline reflects a slight pessimistic sentiment in the market regarding this currency, as selling pressure increases.

  • Technical analysis:
    The critical support area for ACX is identified around $0.85. If this area breaks, ACX may continue to adjust deeper, putting advisors at a disadvantage. However, if the price can maintain support above this level, a recovery may occur.

  • Trading advice:
    Please monitor trading volume to determine the strength of selling pressure. An increase in volume accompanied by measured support will be a negative signal, while declining volume may indicate weakening selling pressure.

3. FTT, OM, DEXE – Mild declines, more stable trend

While ORCA and ACX are under strong downward pressure, other coins like FTT, OM, and DEXE show less volatility, reflecting a more stable trend amid market fluctuations.

  • FTT: Down 2.30%, trading above the crucial support level at $3.20. Maintaining this level will be key to avoiding deeper declines.

  • OM: Slightly down 1.34%, showing signs of consolidation near the current level. This indicates that OM may be in a rapid accumulation phase, waiting for new momentum.

  • DEXE: Down 0.51%, the smallest drop among the mentioned coins. This could be a positive signal as DEXE has found stability in the downward trend.

Conclusion and trading strategy

The current landscape of the cryptocurrency market shows a clear resolution between currencies. Although some coins like ORCA and ACX are under strong selling pressure, others like FTT, OM, and DEXE show relative stability.

  • Shorten the trading time of the strategy:

    • Monitor the support levels of ORCA ($5.50) and ACX ($0.85) for feedback signals.

    • For FTT, OM, and DEXE, balance quickly buying in if strong signals appear.

  • Risk management:
    Trades need to set reasonable stop-loss orders to limit cumulative losses in the event of continued decline. At the same time, avoid using high leverage in this unstable market phase.

Overall, monitoring the balancing techniques and applying trading strategies appropriately will help consultants navigate the cryptocurrency market more effectively during this comprehensive formula phase.

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