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【$ARC Signal】Short | Weak consolidation after volume breakout
$ARC After a sharp drop of -18.55% with increased volume, the price is consolidating weakly at a low level. High open interest suggests selling pressure has not been fully released. The current pattern is a continuation of the downtrend.
🎯 Direction: Short (Short)
🎯 Entry: 0.0670 - 0.0685
🛑 Stop Loss: 0.0710 (Rigid Stop Loss)
🚀 Target 1: 0.0620
🚀 Target 2: 0.0580
$ARC Price drops sharply with massive volume; market logic indicates that judgment should be based on open interest. Currently, high open interest combined with a breakdown in price suggests that the main force is either distributing holdings or the bears are in control, rather than a simple liquidation of long positions. The chart shows weak buying absorption, with each rebound quickly suppressed and no effective support below. After weak consolidation, further downward testing is highly probable.
Trade here 👇 $ARC
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