🔻 $ORCA /USDT – Parabolic Move Rejected Hard! Time to Short? 🚨
📉 Current Price: $2.646 (-2.11% from last candle)
24H High/Low: $3.136 / $2.375
24H Change: +10.39%
📊 Market Structure:
Strong impulse wick above $3.10 quickly sold off
Lower highs forming on 15m after sharp rejection
Heavy selling pressure post-spike shows trap at the top
📌 Key Levels:
Resistance: $2.95 – $3.13 (wick zone)
Support: $2.52 / $2.38
⚠️ Short Setup Plan:
Entry Zone: $2.66 – $2.70 (on weak bounce)
Targets: TP1: $2.52 / TP2: $2.38
Stop Loss: $2.82
💡 Market Insight:
This is a classic blow-off top setup. The rapid reversal after a vertical push suggests exit liquidity for big players. Bearish engulfing confirms weakness.
🔥 Pro Tip:
Look for a retest of broken support around $2.70 for better R:R. Avoid chasing. Manage risk tight – volatility is high!
Drop a “SHORT WHALE” if you're riding this ORCA wave down!
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