๐ Short ARCUSDT.P from $0.06780 ๐ก Stop loss $0.07117
๐ 1H Timeframe
โก๏ธ Overview: โก๏ธ The main POC (Point of Control) is at 0.05873, indicating the area with the highest trading volume. โก๏ธ The 0.07117 level acts as strong resistance where the price previously reversed. โก๏ธ The chart shows a potential topping structure followed by a decline. โก๏ธ Volume concentration between $0.065 and $0.06210 suggests key zones for potential profit-taking.
๐ข Watch the key levels and enter after confirmation! ๐ข The price has already started to move down โ downside momentum remains strong. ๐ข The TP levels are near a previous consolidation zone, allowing quick target execution.
ARCUSDT.P is showing signs of reversal โ considering shorts with clear downside targets!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.