Buying $ARK
after it got dumped heavily from 0.2944 is fighting the dominant order flow.
That aggressive red candle rejection shows buyers are completely exhausted and whales are distributing profits into retail liquidity. I am opening a short position on $ARK right now to profit from the retrace back down.
My execution plan:
• Entry: 0.2700 - 0.2760
• TP1: 0.2520
• TP2: 0.2350
• TP3: 0.2150
• Stop Loss: 0.2980
Respect the rejection levels or watch your account balance shrink.
after it got dumped heavily from 0.2944 is fighting the dominant order flow.
That aggressive red candle rejection shows buyers are completely exhausted and whales are distributing profits into retail liquidity. I am opening a short position on $ARK right now to profit from the retrace back down.
My execution plan:
• Entry: 0.2700 - 0.2760
• TP1: 0.2520
• TP2: 0.2350
• TP3: 0.2150
• Stop Loss: 0.2980
Respect the rejection levels or watch your account balance shrink.