$ARDR
I’ve been watching ARDR go crazy today. It surged over 80% in just 24 hours, and the volume is absolutely massive.
Here is what I’m seeing:
🟢 Why I Like It
To me, this isn't just a random pump. The project actually had a huge update today, they successfully completed a "hard fork" upgrade (version 2.6.0).
Whenever I see a tech upgrade combined with this much buying volume, it tells me the market is serious about it. The trend is obviously incredibly strong right now.
🔴 What Worries Me
But I have to be realistic. The price went up way too fast. My indicators show it is extremely "overbought" (the RSI is way over 70), and the price is pushing through the top of the Bollinger Bands.
I also checked the money flow, and I see big players moving money out. That means the smart whales are likely selling into this rally to take their profits while retail traders are chasing it.
My Plan:
I missed the bottom, and I refuse to buy the top. I’m going to wait for the hype to die down and look for a dip once the profit-taking is over.