The $ORCA /USDT pair is demonstrating strong bullish momentum, currently trading at $4.084 after a 10.17% surge. The price recently tested a high of $4.099, indicating a potential continuation of the upward trend. With increasing buying volume, this rally could extend further if resistance levels are broken. Traders should closely watch the next key levels for profitable opportunities.
Targets:
1. Target 1: $4.120 – Immediate resistance where traders may look for a breakout confirmation.
2. Target 2: $4.180 – A short-term target if momentum sustains above $4.120.
3. Target 3: $4.250 – The longer-term target in case of strong bullish continuation.
Stop-Loss:
Set at $3.950 – This level helps manage risk in case of a pullback or trend reversal.
Strategy:
If the price breaks above $4.099 with strong volume, it could rally toward the targets mentioned. However, a failure to hold above $4.050 may lead to consolidation or a retracement. Traders are advised to use tight stop-losses and monitor the breakout levels carefully for optimal entries and exits.
