📉 $ARC / USDT Short Setup: Is the Parabolic Pump Cooling Down?
$ARC has been on a massive tear today, surging over +31%! However, the technicals are now flashing signs of exhaustion. After hitting a 24h high of 0.08650, we are seeing a clear rejection at local resistance, suggesting a healthy correction is on the horizon.
🔍 Technical Insights:
Price Action: Multiple rejections near the peak indicate that buyers are losing steam.
Order Book: Strong sell-side pressure is building up, with shorts currently dominating the sentiment at approximately 67%.
Indicators: The RSI is cooling down from overbought levels, and a potential bearish crossover is forming on the lower timeframes.
🚀 The Trade Setup (Short):
Optimal Entry Zone: 0.0790 – 0.0820
Take Profit Targets:
🎯 Target 1: 0.0745
🎯 Target 2: 0.0700
🎯 Target 3: 0.0655
Stop Loss (SL): 0.0868 (Protecting against a breakout above the recent high)
⚠️ Risk Management: This is a high-volatility setup. ARC is currently very "hot," so ensure you use proper leverage (recommend 3x-5x for safety) and never risk more than 1-2% of your capital on a single trade.
What do you think? Is ARC going lower, or will the bulls push it further? Let me know in the comments! 👇
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