【$ORCA Signal】Extreme overbought short squeeze, pullback to go long for continuation

RSI soared to 88.7, buying ratio 1.44, funding rate -0.91% abnormally negative. Price broke above the 4H Bollinger Band upper band, with the 1H opening up simultaneously. Bulls actively attack but chasing high carries great risk.
🎯Direction: Go long (Pullback limit order )
⚡Entry/Order: 1.122 Buy Limit (recommended entry zone upper limit)
🛑Stop loss: 0.928
🚀Target 1: 1.132
🚀Target 2: 1.136
🛡️Trade management: Reduce 50% at Target 1, move stop loss to entry price. For remaining position, watch Target 2, exit all if price drops below 1.122.
Open interest stable with no increase, but the bears are overly crowded. Extreme negative funding rate combined with deep buy-side support suggests a not low probability of a short squeeze. Under this structure, risk-reward ratio is poor, but contrarian shorting carries even higher risk. Be patient and wait for the predetermined entry point before acting.
Check real-time market 👇 $ORCA
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