Look at that massive green candle on the ORCA/USDT Perpetual 4H chart! 🚀 We’ve just seen a violent breakout from the consolidation zone, and the "Universal Scalping Strategy" has flashed a clear BUY signal.
📊 Technical Breakdown:
The Pump: ORCA has spiked over +39%, currently hovering around $1.110.
Key Resistance Reclaimed: The price successfully flipped the $0.951 level (blue line) from resistance to support.
Momentum: We are seeing a classic "Short Squeeze" behavior. The previous short positions (indicated by the red arrows/margin call labels) have been liquidated, fueling this vertical move.
Current Setup: The price is testing the upper resistance clusters between $1.15 - $1.20. A 4H candle close above $1.20 could send us toward the $1.50 range.
⚡ Trading Plan:
Long Entry: Look for a retest of the $1.082 (orange line) or $1.05 area for a safer entry.
Targets: $1.25, $1.38, and $1.52.
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Stop Loss: Below the $0.95 support to stay protected.
Why is this happening now? With the recent Nansen NX8 index launch featuring ORCA and massive volume spikes (up over 1700% recently), the liquidity is flowing back into Solana’s premier DEX token.
⚠️ Risk Warning: RSI is likely hitting "Extreme Overbought" territory on lower timeframes. Don't FOMO at the very top—wait for the hourly cooling or a "buy the
dip" opportunity on the $1.08 support.
What’s your move? Are you riding the whale or waiting for the correction? 👇