$ORCA post spike distribution under 1.30 with lower highs forming on 15m.
Trade Direction:
Short (bearish intraday pullback)
Entry:
1.21 – 1.24
Stop Loss:
1.30
TP1:
1.15
TP2:
1.08
TP3:
0.99
Explanation
Price swept liquidity into 1.42 and immediately rejected, leaving a clear exhaustion high. Since then, structure has shifted to lower highs and compression around 1.20, showing reduced buyer strength. The bounce attempts are weak and failing near the short-term average, indicating supply overhead. If 1.15 breaks, it opens room toward the prior impulse base near 1.00. Invalidation is a clean reclaim above 1.30, which would signal buyers regaining control.
Final execution note.
I sell into minor strength inside the entry zone and avoid shorting breakdowns after TP1 is hit.
ORCA
1.274
+11.46%