$ORCA
/USDT Quick Trade Plan
Market Insight:
$ORCA has dropped 3.67% in the past 24 hours, with a high of 3.956 and a low of 3.593. Trading volume is relatively low, with 1.42M ORCA and 5.32M USDT traded. The price is currently near its 24h low, suggesting potential for either a rebound or continued downward pressure.
Entry Point:
š¹ 3.590 - 3.620 USDT
Consider entering near the current price range or slightly below 3.600 for a better risk-to-reward entry.
Targets:
šÆ Target 1: 3.700 - 3.750 USDT
Look for a recovery toward the first resistance level.
šÆ Target 2: 3.900 - 3.950 USDT
If momentum picks up, aim for a move closer to the 24h high.
Exit Plan:
šŖ Exit 1: 3.700 - 3.750 USDT
Secure partial profits as the price tests initial resistance.
šŖ Exit 2: 3.900 - 3.950 USDT
Trail your stop-loss and exit fully near the 24h high, if bullish momentum persists.
Stop-Loss:
ā ļø 3.550 - 3.580 USDT
Set a stop below 3.580 to protect against further downside risk.
š Risk/Reward:
Aim for a 2:1 ratio, ensuring your potential rewards justify the risk.
Keep an eye on volume and price action for signs of a potential reversal or continued weakness! šš°
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