$ORCA Long Liquidation: $3.34K Wiped Out at $5.38009!
The bears just made their move! 🚨 A $3,343.2 long liquidation hit as #ORCA dropped to $5.38009, leaving long traders caught off guard in a sharp decline.
What Happened?
🔹 Bullish Sentiment Reversed: The price action took a sudden downturn, triggering a cascade of liquidations.
🔹 Support Crumbled: The $5.40 level couldn’t hold, unleashing significant selling pressure.
🔹 Market Impact: Nearly $3.35K in liquidations signals a shift in sentiment, as bears gain the upper hand in the short term.
What’s Next for #ORCA?
Critical Support: $5.20 could become a key level to watch for potential stabilization.
Bearish Continuation? A break below $5.20 may open the door for further downside toward $5.00.
Reversal Possibility: If buyers step in and reclaim the $5.50 zone, a recovery could be in play.
💡 Pro Tip: Stay cautious and monitor for price action around key support levels. Tight stop-losses are essential in volatile conditions like this.
Can #ORCA find its footing, or will the bears continue to dominate? The next few moves are critical! 📉