$ORCA 🔴 Short setup
Sell: 3.179
Stop level: 3.383
Target: 2.77
After a 95% run in 5 days, ORCA stopped making clean progress. 2.77 is the bottom of that 28% pullback and price has not been back to it since. That break of 3.198 was small (1.1%), a quick poke and a sell-off from 3.232. Looks like a failed breakout to me. In at 3.179, out at 3.383 if I'm wrong, 2.77 if the inducement gets taken. That works out to 1:2.
DYOR.
Sell: 3.179
Stop level: 3.383
Target: 2.77
After a 95% run in 5 days, ORCA stopped making clean progress. 2.77 is the bottom of that 28% pullback and price has not been back to it since. That break of 3.198 was small (1.1%), a quick poke and a sell-off from 3.232. Looks like a failed breakout to me. In at 3.179, out at 3.383 if I'm wrong, 2.77 if the inducement gets taken. That works out to 1:2.
DYOR.