🚀 Trade Setup:
$ORCA /USDT (Perp)
The price has retraced from its 24h high of 1.265 and is currently hovering around a local support zone. We are looking for a potential bounce or a continuation of the short-term bearish momentum.
📈 Long Entry Option (Aggressive)
Entry Price: $1.110 - 1.123
Take Profit 1 (TP1): 1.185 (Previous consolidation zone)
Take Profit 2 (TP2): 1.250 (Near recent peak)
Stop Loss (SL): 1.075 (Below the recent swing low)
📉 Short Entry Option (Momentum)
Entry Price: Breakdown below 1.080
Take Profit 1 (TP1): 1.020
Take Profit 2 (TP2): 0.950
Stop Loss (SL): 1.155
🔍 Market Analysis:
Trend: Short-term bearish on the 15m chart after a failed attempt to hold the 1.20+ level.
Volatility: Very high (+43.42% today). Ensure you use appropriate leverage (3x-5x recommended).
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