$ORCA — Structure remains bearish until proven otherwise — this favors continuation
Short ORCA
• Entry: 1.22 – 1.27
• Stop Loss: 1.32
Targets:
• TP1: 1.18
• TP2: 1.12
• TP3: 1.05
$ORCA is showing clear weakness after a sharp distribution phase, with price forming consistent lower highs on the 1H timeframe. The recent bounce is not strength — it’s a textbook relief rally into resistance, often seen before continuation moves.
While some traders may interpret this as a bottom, the structure tells a different story. The trend remains firmly bearish, and this pullback is offering a high-probability short opportunity.
Momentum indicators are cooling off, but there’s no confirmed bullish reversal, and volume on the bounce remains relatively weak — a sign that buyers lack conviction.
Trade $ORCA here
ORCAUSDT
Perp
1.572
-0.69%