$ORCA 5 minutes, down 3.48%, with the current price at 2.917. Two possible scenarios from here:
① It stabilizes and recovers the breakdown level → this move looks more like a panic selloff
② The rebound fails to reclaim that level and it breaks below the 24h low of 2.683 → the downtrend may continue
I’d wait to see how strong the first rebound is before drawing any conclusions. What do you think happens next?
#ORCA
Just my personal opinion, not investment advice.
① It stabilizes and recovers the breakdown level → this move looks more like a panic selloff
② The rebound fails to reclaim that level and it breaks below the 24h low of 2.683 → the downtrend may continue
I’d wait to see how strong the first rebound is before drawing any conclusions. What do you think happens next?
#ORCA
Just my personal opinion, not investment advice.