A $ARX 5-minute decline of 2.45%, with the current price at 0.2711. Two possible scenarios next:
① Stabilize and reclaim the point where the decline began → this move was probably a shakeout
② A weak rebound and a break below the 24h low of 0.2683 → the downtrend may continue
I’ll wait to see how strong the first rebound is before deciding. Are you leaning bullish or bearish in the short term?
① Stabilize and reclaim the point where the decline began → this move was probably a shakeout
② A weak rebound and a break below the 24h low of 0.2683 → the downtrend may continue
I’ll wait to see how strong the first rebound is before deciding. Are you leaning bullish or bearish in the short term?