ORAI: Simple Swing Trade

7 Nov 2023

ORAI is a solid Artificial Intelligence project that look really solid for a swing trade from current levels. It's had a bit of a run up but indicators still look healthy and volume is consistently growing along with price. I am looking at this trade for the next month, with a ~50% move on the low side and ~80% on the high side of the move to the golden zone .5 to .618 fib retracement levels. The measured move on the more broad time frame is consistent with the top of the larger upward channel at roughly the ~$22 range. Once it reaches the ~$7 range I will reassess and decide whether to hold out for the top of the channel.