📊 ORCA/USDT Analysis | TradingGain
ORCA has finally broken out of the 1.80 resistance that rejected price 4–5 times between Apr 26 and Apr 30. After consolidating in the 1.40–1.80 range for nearly 5 days, bulls finally pushed through with a strong impulse candle, wicking up to 2.23 before pulling back.
Currently price is sitting at 1.96, holding above the broken resistance. This is the early stage of a breakout + retest setup. If 1.80 holds as new support, momentum continuation is highly likely.
🟢 Bias: Bullish above 1.80
Trade Plan:
🟢 Long Setup A (Aggressive): Buy current levels with tight risk
Entry: 1.93–1.96 | SL: below 1.78 | TP1: 2.0.5 | TP2: 2.20 | TP3: 2.40
🔴 Invalidation: 1H candle close below 1.78 brings price back into the range. Bias flips neutral, possibility of revisiting 1.60 or even 1.40.