🐳 Funds note:
$ARX 1-hour decline of 6.18%; current price is 0.2886, with 24h trading volume of $11.09 million.
What does the flow of funds tell us?
· The decline was concentrated in a very short, one-hour period, suggesting heavy selling pressure
· It’s still up 7.13% over 24h, so this looks more like short-term investors taking profits
· Next, watch to see whether buyers step in at the lows. If not, the price may continue to fall
What do you all think?
$ARX 1-hour decline of 6.18%; current price is 0.2886, with 24h trading volume of $11.09 million.
What does the flow of funds tell us?
· The decline was concentrated in a very short, one-hour period, suggesting heavy selling pressure
· It’s still up 7.13% over 24h, so this looks more like short-term investors taking profits
· Next, watch to see whether buyers step in at the lows. If not, the price may continue to fall
What do you all think?