$ORCA A Bull Trap in the Making?
They’re whispering about a trap, and the charts are shouting it. After the explosive 70% rally fueled by the Nansen index launch, Orca is showing classic signs of exhaustion. The "Smart Money" has already taken profits, leaving retail to hold the range. Are you ready for the breakdown?
🔍 The Bearish Case:
Momentum Failure: On the 1H and 4H timeframes, the RSI is stuck in the mid-40s. It’s failing to reclaim the bullish 50-midline, signaling that buyers have left the building.
Range Coiling: Price is currently compressed within a daily range. Historically, when a mid-cap altcoin coils after a vertical move without a volume follow-through, the resolution is a deep retracement.
The "Trap" Level: Sellers are heavily defending the $1.076 area. As long as we stay below this pivot, the downside targets are wide open.
📉 The Trade Plan (Short Setup):
Entry Zone: 1.0648 – 1.0736
Stop Loss (SL): 1.0959 🛡️ (Safety above the recent swing high)
🎯 Take-Profit Targets:
TP1: 1.0426 (Immediate Support)
TP2: 1.0337 (Structural Floor)
TP3: 1.0159 (Major Liquidity Gap)
⚠️ Critical Invalidation: If $ORCA closes a 4H candle above 1.0763, the "trap" is off, and we likely flip to a bullish expansion toward $1.20+. Trade with discipline!
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