ORCAUSD ORCA had a nice rally up from its previous LPS event showing its strength, bolting on a 10X plus.
It looks to be sitting at the next LPS event (right at accumulation resistance); this is where smart money starts coming in.
It could retrace deeper: I have the 1:1 extension window that signifies strong support with the 1:13 overshoot. And slightly under the overshoot is the POC. There is a chance that it does not hit that support structure, but never impossible.
This is a DeFi token, and DeFi is a strong narrative this cycle. However: This token is built on the Solana blockchain rather than Ethereum, so the pump action is more likely to rhyme with Solana pumps than Ethereum.
-Not Financial Advice-
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.