$ORCA

/USDT Technical Analysis and Trade Strategy🚀🎯

Current Overview

Current Price: $4.757

24h High: $5.066

24h Low: $4.601

24h Volume:

ORCA: 2.50M

USDT: 12.07M

SAR: $4.623 (suggesting support)

AVL (Average Volume Level): $4.731

Technical Indicators

Trend: Bearish (-4.75% in the last 24h)

Support: $4.623 (SAR) and $4.601 (24h Low)

Resistance: $5.066 (24h High) and $5.100 (Psychological level)

Trade Setup

Long Entry Zone

Entry: Between $4.620 and $4.750

Look for a bounce above SAR ($4.623) with volume confirmation.

Stop Loss

Long Stop: $4.580 (Below 24h Low)

🎯 Target Levels for Long Trade

1. Target 1: $4.900 (Approx. 3% Profit)

2. Target 2: $5.000 (Near Key Resistance)

3. Target 3: $5.066 (24h High, Approx. 6.5% Profit)

Short Entry Zone

Entry: Below $4.600 (Breakdown of Support)

Stop Loss: $4.750 (Above AVL)

🎯 Target Levels for Short Trade

1. Target 1: $4.500 (Approx. 2% Profit)

2. Target 2: $4.400 (Next Support Level)

3. Target 3: $4.300 (Deeper Support Zone)

Strategy Execution

1. Confirm Volume:

Enter long if price shows bullish momentum above $4.623.

Enter short if support at $4.601 fails with increasing volume.

2. Risk-Reward Ratio: Aim for a 2:1 ratio.

3. Trailing Stop: After hitting Target 1, use a trailing stop to protect gains.

This approach accounts for both rebound opportunities and potential breakdown scenarios.

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