ARX Where do you stand on this wave: Panic release or continued weakness?
ARX has dropped -18.00% in the past 24 hours, with a deep retracement. Right now, it's not about how much it's dropped, but whether the sell pressure is nearing its end. Current price is around 0.2478, with a 24h trading volume of approximately 56.8565 million, indicating that the increased selling looks more like a panic sell-off.
Reference indicators: 30m Super Trend at 0.263710, and the current price is above it, suggesting the structure leans towards trend continuation; 30m KDJ at 10.56/19.29/-6.90 indicates short-term volatility is on the hot side; conversely, if the J value fails to bounce back, short-term volatility could easily turn weak again.
I’ll break down my judgment into two parts: one part to see if the trend protection level can be regained, and the other part to check if the short-term bounce forms a second confirmation. Both parts need to be solid for a recovery; if only one is stable, it’s still just a consolidation.
Comment below: Are you looking for continuation or a pullback?
#ARX #VolatilityAlert
ARX has dropped -18.00% in the past 24 hours, with a deep retracement. Right now, it's not about how much it's dropped, but whether the sell pressure is nearing its end. Current price is around 0.2478, with a 24h trading volume of approximately 56.8565 million, indicating that the increased selling looks more like a panic sell-off.
Reference indicators: 30m Super Trend at 0.263710, and the current price is above it, suggesting the structure leans towards trend continuation; 30m KDJ at 10.56/19.29/-6.90 indicates short-term volatility is on the hot side; conversely, if the J value fails to bounce back, short-term volatility could easily turn weak again.
I’ll break down my judgment into two parts: one part to see if the trend protection level can be regained, and the other part to check if the short-term bounce forms a second confirmation. Both parts need to be solid for a recovery; if only one is stable, it’s still just a consolidation.
Comment below: Are you looking for continuation or a pullback?
#ARX #VolatilityAlert