๐ ORCA Nearly Doubled in a Week. Now It's Catching Its Breath
$1.56 to $3.33.
Two clean bases, two breakouts, one big candle on the heaviest volume of the move.
Now $2.93, the first real pullback of the run, about 12% off the high.
This is the moment that decides what kind of rally it was. ๐
Healthy trends pull back and hold old resistance as support.
Exhausted ones slice straight through it.
A little history helps here too. ORCA has sprinted before this year. February's spike to about $1.62 faded all the way back near $1.10 by August. Momentum alone hasn't been enough to keep it up.
And for perspective, even at $3, ORCA is still roughly 87% below its $22.28 all-time high.
The levels.
Hold $2.80 to $2.85, the floor of the last range, and another shot at $3.33 is on the table.
Lose it, and $2.60 to $2.70 is the next shelf.
Below that, $1.95 to $2.05 is where the second base broke out.
Rallies are proven on the pullback, not on the way up.
Reload above $2.80, or a deeper reset first? ๐ฅ
Not financial advice.
$ORCA
$RLC
$BR
$1.56 to $3.33.
Two clean bases, two breakouts, one big candle on the heaviest volume of the move.
Now $2.93, the first real pullback of the run, about 12% off the high.
This is the moment that decides what kind of rally it was. ๐
Healthy trends pull back and hold old resistance as support.
Exhausted ones slice straight through it.
A little history helps here too. ORCA has sprinted before this year. February's spike to about $1.62 faded all the way back near $1.10 by August. Momentum alone hasn't been enough to keep it up.
And for perspective, even at $3, ORCA is still roughly 87% below its $22.28 all-time high.
The levels.
Hold $2.80 to $2.85, the floor of the last range, and another shot at $3.33 is on the table.
Lose it, and $2.60 to $2.70 is the next shelf.
Below that, $1.95 to $2.05 is where the second base broke out.
Rallies are proven on the pullback, not on the way up.
Reload above $2.80, or a deeper reset first? ๐ฅ
Not financial advice.
$ORCA
$RLC
$BR
