$ORCA Vertical Rally!
A sharp breakout occurred on the 4H chart, and the price moved into the 1.72 range. However, the 1.7896 area appears to be a strong resistance level in the short term. If this level cannot be breached, a pullback may occur.
Support: 1.5918 / 1.3385
Resistance-Target: 1.7230 / 1.7896
Funding (1H): -0.66728%
RSI: 85.21
The price is rising despite negative funding. This structure keeps the squeeze effect alive, but the RSI is extremely overbought.
NFA. Do you think it will break above 1.7896, or will there be a correction first?
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