Buying in currency $ARK
after its strong decline from the level of 0.2944 is a fight against the prevailing cash flow.
Rejecting the violent red candle shows that the buyers have been completely exhausted, and that the whales are taking profits at the expense of individuals’ liquidity. I am opening a sell position (short) on $ARK now in order to benefit from the downward correction.
Execution plan details:
• Entry point: 0.2700 - 0.2760
• First target: 0.2520
• Second target: 0.2350
• Third target: 0.2150
• Stop loss: 0.2980
Respect the rejection levels or watch your account balance dwindle.
after its strong decline from the level of 0.2944 is a fight against the prevailing cash flow.
Rejecting the violent red candle shows that the buyers have been completely exhausted, and that the whales are taking profits at the expense of individuals’ liquidity. I am opening a sell position (short) on $ARK now in order to benefit from the downward correction.
Execution plan details:
• Entry point: 0.2700 - 0.2760
• First target: 0.2520
• Second target: 0.2350
• Third target: 0.2150
• Stop loss: 0.2980
Respect the rejection levels or watch your account balance dwindle.
