$ARC IS TRYING TO RECOVER… BUT BEARS ARE STILL IN CONTROL ⚠️📉
$ARC dropped heavily from the $0.065 area and found support near $0.0219. Buyers have stepped in with a bounce, but price is still struggling below the previous breakdown zone.
I’m watching for a short continuation unless bulls reclaim the key resistance area. The current structure still shows weakness after the sharp sell-off.
My TPs: $0.0275 / $0.0250 / $0.0220 | SL: $0.0305
A rejection from the $0.029–$0.0305 zone could bring another move lower. If bulls break and hold above this resistance, the bearish setup would be invalidated.
DYOR.
$ARC dropped heavily from the $0.065 area and found support near $0.0219. Buyers have stepped in with a bounce, but price is still struggling below the previous breakdown zone.
I’m watching for a short continuation unless bulls reclaim the key resistance area. The current structure still shows weakness after the sharp sell-off.
My TPs: $0.0275 / $0.0250 / $0.0220 | SL: $0.0305
A rejection from the $0.029–$0.0305 zone could bring another move lower. If bulls break and hold above this resistance, the bearish setup would be invalidated.
DYOR.