$ORCA just showed some character. From the $1.17 zone, the price didn’t just bounce — it did so with strength that breaks the bearish sentiment. That sharp upward movement was the first signal, but the most important action is happening now: the price has stabilized and is starting to form higher lows. This isn’t a chaotic spike, but a methodical recovery of structure, where each new step confirms the return of buyers.
After a quick rejection from the $1.88 level, the market didn't crash back — it cooled off and is now moving up with controlled strength. This behavior distinguishes a healthy trend continuation from a hype spike. The market pulse is steady, without overheating: buyers are entering thoughtfully, while sellers are losing initiative. The $1.50 – $1.55 area now acts as a foundation, and as long as the price holds above it, the bullish momentum remains strong.
Trading plan (long):
· Entry: $1.58 – $1.62 (the zone where the price finds support during pullbacks and provides a comfortable entry point)
· Stop-loss: $1.48 (below key support; losing this level will break the structure of rising lows)
· Targets:
TP1: $1.75 — first resistance on the way up,
TP2: $1.88 — the recent high, a clean breakout of which will open the door to new heights
The structure relies on the logic of a rising trend: entry near support, protection below it, targets at resistances. As long as $ORCA remains above $1.48, the bulls are at the helm, and every pullback looks like an opportunity, not a threat.
Momentum is shifting in favor of the bulls, not with a shout, but with methodical steps. Patience here is not just a virtue but a tool that allows you to enter on confirmation and ride the trend without rushing.
What will be more substantial evidence of strength for you: a breakout of resistance at $1.88 on increasing volume or a confident hold of the $1.50 – $1.55 zone without deep pullbacks?