$ARX is up 27.69% in 24 hours, and I’m not hitting the gas on this one.
“I’ll buy the pullback at 0.252; if it breaks below 0.226, I’m out.”
The account long/short ratio is 1.12—longs are crowded.
Funding is +0.21%; longs are paying.
Everyone’s calling for a short squeeze, but I’m betting overleveraged longs will fold first.
Their cost basis is high, and they have to pay funding every day.
If they start bailing, I’m watching 0.226 first; if that can’t hold, then 0.21.
Chasing at 0.278 with a stop at 0.226 is too wide a risk for me. I’m not taking it.
4h RSI is 83—clearly overbought.
Down to 0.226 is an 18-point risk; up to 0.29 is only 4 points. The risk/reward is upside down, so I’m out.
The trend hasn’t broken, but this price isn’t worth chasing.
Will 0.252 hold, or will 0.226 break first? I’m betting on the former. Feel free to prove me wrong 😅
📊 Direction: Wait for a pullback, then go long
💰 Entry reference: 0.252 pullback to EMA5
🛑 Stop-loss: 0.226, below EMA25
🎯 Take-profit 1: Around the previous high at 0.29
🎯 Take-profit 2: Daily-chart high at 0.32
$ARX #技术分析 #UncleTwelve
“I’ll buy the pullback at 0.252; if it breaks below 0.226, I’m out.”
The account long/short ratio is 1.12—longs are crowded.
Funding is +0.21%; longs are paying.
Everyone’s calling for a short squeeze, but I’m betting overleveraged longs will fold first.
Their cost basis is high, and they have to pay funding every day.
If they start bailing, I’m watching 0.226 first; if that can’t hold, then 0.21.
Chasing at 0.278 with a stop at 0.226 is too wide a risk for me. I’m not taking it.
4h RSI is 83—clearly overbought.
Down to 0.226 is an 18-point risk; up to 0.29 is only 4 points. The risk/reward is upside down, so I’m out.
The trend hasn’t broken, but this price isn’t worth chasing.
Will 0.252 hold, or will 0.226 break first? I’m betting on the former. Feel free to prove me wrong 😅
📊 Direction: Wait for a pullback, then go long
💰 Entry reference: 0.252 pullback to EMA5
🛑 Stop-loss: 0.226, below EMA25
🎯 Take-profit 1: Around the previous high at 0.29
🎯 Take-profit 2: Daily-chart high at 0.32
$ARX #技术分析 #UncleTwelve
