ARX is testing a fresh resistance zone after a sharp bounce from the 0.75% level, and the price is now hovering just below the 2.18% mark. The market’s momentum is fading, setting the stage for a short swing.
🔴 $ARX SHORT 📉 — Trade Plan
• Entry: $0.139860 – $0.140140
• Stop: $0.144200 (-3.0%)
• Target 1: $0.137900 (+1.5%)
• Target 2: $0.133000 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A clear change of character appeared as the last swing high broke, confirmed by a surge in sell‑side CVD and a fresh fair‑value gap carving into the 2.12% area. The order block anchored at 2.20% overlaps the FVG, creating a POI that aligns with the breakdown. With structure now in a lower‑high, lower‑low pattern, the short bias is strong.
A 3.0% stop is relatively tight, so a 5‑10x leverage range keeps risk in check.
Consider taking partial profit around the first target near 1.75%.
As always: manage your risk, this is not financial advice 🙏
$ARX #ARXUSDT #Cardano #TradingSignals #Write2Earn
🔴 $ARX SHORT 📉 — Trade Plan
• Entry: $0.139860 – $0.140140
• Stop: $0.144200 (-3.0%)
• Target 1: $0.137900 (+1.5%)
• Target 2: $0.133000 (+5.0%)
• R/R 1:1.7 | Confidence 64%
A clear change of character appeared as the last swing high broke, confirmed by a surge in sell‑side CVD and a fresh fair‑value gap carving into the 2.12% area. The order block anchored at 2.20% overlaps the FVG, creating a POI that aligns with the breakdown. With structure now in a lower‑high, lower‑low pattern, the short bias is strong.
A 3.0% stop is relatively tight, so a 5‑10x leverage range keeps risk in check.
Consider taking partial profit around the first target near 1.75%.
As always: manage your risk, this is not financial advice 🙏
$ARX #ARXUSDT #Cardano #TradingSignals #Write2Earn