$arc just saw a long liquidation of $1.2454K at $0.04474. This correction is healthy, giving the market a chance to digest recent gains and clear weaker positions. I’m watching this zone closely because it could form a solid base for the next move higher.
Trade Setup:
Entry Zone: $0.0445–$0.045
Target 1: $0.0465
Target 2: $0.048
Stop Loss: $0.044
This zone is strong as it coincides with previous support from late November and aligns with the 0.618 Fibonacci retracement of the last upward swing. The reaction here has been steady, and if this level holds, they’re building strength for the next leg up.
