$ARC 4-hour level rising trend triangle convergence has formed, and it appears that an upward breakout is about to occur.
In terms of chip distribution, the main force has laid out 20M long positions at an average price of 0.023, remaining steadfast, indicating the main force's determination to protect the market.
However, short positions have also been hammered down by about 7M, indicating that we are currently in a washout process from the high position.
Pay close attention to whether smart money has closed their short positions, which could serve as a triggering signal.
Positions can be built in batches between 0.03-0.04, and below 0.03, it touches the cost price of the main long positions, theoretically allowing for a straightforward doubling of spot positions.
