🔴 $ORCA Short Sell Trade
ORCA made a very strong upward move and then began a sharp correction. Therefore, I don’t prefer selling immediately after the drop; instead, I’d wait for a bounce toward the resistance zone.
📌 Entry: 2.95 – 3.10
🎯 TP1: 2.75
🎯 TP2: 2.50
🎯 TP3: 2.25
🛑 Stop Loss: 3.35
Trade idea: If the price returns to the 2.95–3.10 zone and signs of rejection appear, it could be a good SHORT opportunity.
⚠️ Trade management:
Secure some profits at TP1 and move the SL to the entry point.
❌ Scenario invalidation:
A 4H close above 3.35 invalidates the trade.
ORCA made a very strong upward move and then began a sharp correction. Therefore, I don’t prefer selling immediately after the drop; instead, I’d wait for a bounce toward the resistance zone.
📌 Entry: 2.95 – 3.10
🎯 TP1: 2.75
🎯 TP2: 2.50
🎯 TP3: 2.25
🛑 Stop Loss: 3.35
Trade idea: If the price returns to the 2.95–3.10 zone and signs of rejection appear, it could be a good SHORT opportunity.
⚠️ Trade management:
Secure some profits at TP1 and move the SL to the entry point.
❌ Scenario invalidation:
A 4H close above 3.35 invalidates the trade.