$ARPA 1-hour decline of 10.46%, current price 0.01239. There are two possible scenarios from here:
① If it stabilizes and recovers the starting point of the drop → this was probably a shakeout
② If the rebound fails to reclaim that level and it breaks below the 24h low of 0.01091 → the downtrend may continue
Personally, I’d wait to see how the first rebound performs before drawing a conclusion. What do you think about this level?
#ARPA
This is not investment advice. Invest at your own risk.
① If it stabilizes and recovers the starting point of the drop → this was probably a shakeout
② If the rebound fails to reclaim that level and it breaks below the 24h low of 0.01091 → the downtrend may continue
Personally, I’d wait to see how the first rebound performs before drawing a conclusion. What do you think about this level?
#ARPA
This is not investment advice. Invest at your own risk.