$ARK / $SAND (Leading the structural rebound)
Market highlights: After established hot sectors and the metaverse sector became deeply oversold, substantial spot buying emerged at lower levels, sparking a rally. The price broke above resistance from the moving averages of the past few days in the short term, with a clear surge in trading volume.
Trading approach: This is an oversold bounce driven by liquidity. Watch the overhead zone where trapped holders accumulated previously, and beware of a sharp wick followed by a pullback if chasing the price.
Market highlights: After established hot sectors and the metaverse sector became deeply oversold, substantial spot buying emerged at lower levels, sparking a rally. The price broke above resistance from the moving averages of the past few days in the short term, with a clear surge in trading volume.
Trading approach: This is an oversold bounce driven by liquidity. Watch the overhead zone where trapped holders accumulated previously, and beware of a sharp wick followed by a pullback if chasing the price.