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$ORCA Keep short!! The technology is powerless!
This trend is a classic case of reviving the dead—pulling a big bullish candle to fake a resurrection. From 0.66 to 1.29, densely packed with trapped orders, each price level is sitting on the bodies of longs worth 105 million, two days ago a big bullish candle surged 54%, trading volume exploded 25 times. How many retail investors thought the reversal was happening and rushed in to chase the high?
This project’s actual daily fee income is only $130,000, not enough to pay the team’s salaries. It’s obvious the project team has run out of money and is here to harvest, shorting at market price!
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