$ORCA Price has pumped over 11% and is approaching the MA(7) resistance near 1.198. The rally shows signs of exhaustion with a potential rejection forming at this dynamic level. High volatility and a significant gap from the MA(99) suggest the move may be overextended in the short term, setting up for a corrective dip.
Entry Zone: 1.170 - 1.195
TP1: 1.130
TP2:1.100
TP3:1.070
Stop Loss: 1.215 (Above the MA(7) and recent swing high)
Risk Management: Trade size should be conservative due to high volatility from the gainer momentum. Be prepared for possible consolidation instead of a sharp drop.
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ORCAUSDT
Perp
1.094
-2.66%
