$ORCA /USDT Technical Analysis & Trade Signal: Bearish Momentum with Clear Targets 🎯

Current Price: 4.206

24h High: 4.650

24h Low: 4.180

Trend Overview:

ORCA/USDT is facing a strong bearish trend, with a notable 9.55% drop in the last 24 hours. The price is near the 24-hour low, suggesting a continued downward move if bearish momentum persists. Key support and resistance levels are outlined below, offering potential entry and exit points for a short position.

Trade Signal:

Trade Type: Short (Bearish)

Entry Point: 4.200 (Ideal for entering short trades)

Stop-Loss: 4.300 (Limit potential losses if the market reverses)

Target Levels:

1. Target 1: 4.100

A potential support level where the price may consolidate or bounce.

2. Target 2: 4.050

If Target 1 breaks, this is the next level where the market may find support.

3. Target 3: 4.000

A deeper bearish move could push the price down to this key support level.

Momentum Analysis:

RSI: Likely below 30, indicating oversold conditions—watch for a potential bounce.

MACD: Bearish crossover signals ongoing downward pressure.

Volume: Increased selling volume confirms the bearish trend, strengthening the short position.

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