#ARX breakout is strong but don’t chase the candle
$ARX is showing strong momentum at $0.2737 (+17.87%), with heavy 24h volume around $39.44M USDT. The important point is that price already pushed up toward $0.3066 and then pulled back, so I’d rather watch the reaction around support than FOMO into the move.
My ARX setup:
Entry: $0.2670–$0.2740 on a controlled retest
SL: $0.2530
TP1: $0.2917
TP2: $0.3066
TP3: $0.3110
If ARX holds the $0.267–0.273 area and buyers step back in, the previous $0.2917 → $0.3066 resistance zone becomes the key upside test. A clean breakout above $0.3066 could open the way toward $0.3110.
But if $0.2530 breaks with strong selling, I would invalidate this long idea rather than keep averaging down. ARX is still a relatively new and volatile asset, so position size and stop-loss matter.
Not financial advice manage risk and don’t chase a vertical candle.
#StrategyStriveAdd2305BitcoinThisWeek #BitwiseFilesFinalNEARSpotETFProspectus #CoinMarketCapCompletesCoinglassAcquisition
$ARX is showing strong momentum at $0.2737 (+17.87%), with heavy 24h volume around $39.44M USDT. The important point is that price already pushed up toward $0.3066 and then pulled back, so I’d rather watch the reaction around support than FOMO into the move.
My ARX setup:
Entry: $0.2670–$0.2740 on a controlled retest
SL: $0.2530
TP1: $0.2917
TP2: $0.3066
TP3: $0.3110
If ARX holds the $0.267–0.273 area and buyers step back in, the previous $0.2917 → $0.3066 resistance zone becomes the key upside test. A clean breakout above $0.3066 could open the way toward $0.3110.
But if $0.2530 breaks with strong selling, I would invalidate this long idea rather than keep averaging down. ARX is still a relatively new and volatile asset, so position size and stop-loss matter.
Not financial advice manage risk and don’t chase a vertical candle.
#StrategyStriveAdd2305BitcoinThisWeek #BitwiseFilesFinalNEARSpotETFProspectus #CoinMarketCapCompletesCoinglassAcquisition
