$ARPA lost the 0.012 level. Two possible scenarios next:
① A rebound fails to reclaim 0.012 → the level turns into resistance, with the 24h low of 0.01141 as the first downside target.
② A quick move back above 0.012 → this looks more like a false breakdown, and short positions may get squeezed instead.
Personally, I’m paying more attention to how the first rebound plays out.
Just sharing my personal view; this is not a specific trading recommendation.
① A rebound fails to reclaim 0.012 → the level turns into resistance, with the 24h low of 0.01141 as the first downside target.
② A quick move back above 0.012 → this looks more like a false breakdown, and short positions may get squeezed instead.
Personally, I’m paying more attention to how the first rebound plays out.
Just sharing my personal view; this is not a specific trading recommendation.