Let’s talk about last night’s $ARX :
1. The sell pressure matched expectations, but I didn’t expect the buying power to be so strong. It wasn’t just the active players from Alpha; even those who have never bought O or QAIT got in on the action, and even some newcomers from the chain jumped in too. This was the main reason it managed to pump before the sell pressure kicked in.
2. The reason sell pressure didn’t show up right away was that the public offerings had cashed out, which meant initially, everyone couldn't access their coins. Once the sell pressure was released, it just kept dropping. Even the official team was dumping, which led to the continuous downtrend.
3. I personally sold at 0.36 when the market opened, didn’t even hold on to the 30 ARX from the booster. In my post yesterday, I was sharing my trading strategy and the specific reasons behind it. Let me reiterate, I’m just sharing my trades and thoughts, not teaching newbies how to trade crypto. I hope those reading my posts can think for themselves and make their own judgments.
4. Why don’t I teach newbies how to trade? Because yesterday ARX pumped to 0.43, and some folks came at me with complaints; when it dropped to 0.25 last night, they vanished. Last time, I said not to touch it at $SPCX 190 because it could only pump temporarily, but after July 2, no one was picking it up, and when it briefly spiked to 220, I got blamed for telling them not to touch it; today when it dropped to 150, I got blamed again for saying that the temporary pump trapped them.
5. What should those who are holding $ARX do? Just now, ARX dropped news about listing on the Korean exchange UP, which was better than expected, so it shot back up to 0.42. If it were me, I’d sell now.
1. The sell pressure matched expectations, but I didn’t expect the buying power to be so strong. It wasn’t just the active players from Alpha; even those who have never bought O or QAIT got in on the action, and even some newcomers from the chain jumped in too. This was the main reason it managed to pump before the sell pressure kicked in.
2. The reason sell pressure didn’t show up right away was that the public offerings had cashed out, which meant initially, everyone couldn't access their coins. Once the sell pressure was released, it just kept dropping. Even the official team was dumping, which led to the continuous downtrend.
3. I personally sold at 0.36 when the market opened, didn’t even hold on to the 30 ARX from the booster. In my post yesterday, I was sharing my trading strategy and the specific reasons behind it. Let me reiterate, I’m just sharing my trades and thoughts, not teaching newbies how to trade crypto. I hope those reading my posts can think for themselves and make their own judgments.
4. Why don’t I teach newbies how to trade? Because yesterday ARX pumped to 0.43, and some folks came at me with complaints; when it dropped to 0.25 last night, they vanished. Last time, I said not to touch it at $SPCX 190 because it could only pump temporarily, but after July 2, no one was picking it up, and when it briefly spiked to 220, I got blamed for telling them not to touch it; today when it dropped to 150, I got blamed again for saying that the temporary pump trapped them.
5. What should those who are holding $ARX do? Just now, ARX dropped news about listing on the Korean exchange UP, which was better than expected, so it shot back up to 0.42. If it were me, I’d sell now.