📊 ORCA/USDT Analysis | TradingGain



ORCA has finally broken out of the 1.80 resistance that rejected price 4–5 times between Apr 26 and Apr 30. After consolidating in the 1.40–1.80 range for nearly 5 days, bulls finally pushed through with a strong impulse candle, wicking up to 2.23 before pulling back.

Currently price is sitting at 1.96, holding above the broken resistance. This is the early stage of a breakout + retest setup. If 1.80 holds as new support, momentum continuation is highly likely.

🟢 Bias: Bullish above 1.80

Trade Plan:

🟢 Long Setup A (Aggressive): Buy current levels with tight risk
Entry: 1.93–1.96 | SL: below 1.78 | TP1: 2.0.5 | TP2: 2.20 | TP3: 2.40

🔴 Invalidation: 1H candle close below 1.78 brings price back into the range. Bias flips neutral, possibility of revisiting 1.60 or even 1.40.#WCTCTradingKingPK
ORCA5.78%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin