🚀 $ORCA — confident rebound from EMA21. Long is a priority
Timeframe: 1H
After a sharp decline from the maximum of 1.270, ORCA showed a strong pullback and formed a demand zone of 1.049–1.073 (minimum 24h). From this area, the price confidently rebounded, returned above EMA21 (1.145), and is currently trading around 1.185 (+9.22%). The rise is accompanied by an increase in volume and a series of green candles — this indicates real interest from buyers, not a bull trap.
📊 Brief on indicators:
EMA (21/50/99): 1.145 / 1.120 / 1.106 — price is above all EMAs, the structure is bullish.
MACD: around zero, DIF and DEA are in the positive — bearish momentum is weakening.
RSI (6/14): 67.7 / 63.2 — moderate overbought, there is room to move.
Stochastic: 27.8 / 17.7 — exiting oversold territory, a bullish signal is forming.
Volume: increasing on the pullback — confirmation of the strength of the movement.
🎯 Trading plan (main scenario — LONG):
Entries:
Aggressive: at market ~1.180–1.190
Conservative: pullback to 1.145–1.150 (EMA21) with confirmation
Stop-loss: 1.100 (below EMA99 and local structure)
Targets:
TP1: 1.232 (+4%)
TP2: 1.270 (+7.2%)
TP3: 1.282 (+8.2%)
📌 Conclusion: the structure indicates a continuation of the recovery. If it consolidates above 1.270, the path to new local highs will open. The short scenario is relevant only with a confident break below 1.100.
