$ARC printed a sharp impulsive rally from the 0.047 area into the 0.071–0.072 zone, followed by immediate rejection and long upper wicks.
This type of vertical expansion + instant rejection usually signals short-term exhaustion, not healthy continuation.
Price is now struggling to hold the 0.068–0.069 area, which is acting as weak support after the rejection. Lower-timeframe structure shows momentum deceleration, and any bounce so far looks corrective rather than trend-continuing.
Buyers failed to hold above 0.071, while sellers stepped in aggressively — a clear sign of distribution at the top.
📌 Scalp Trade Plan
🔻 Bias: Short
🎯 Short Zone: 0.068 – 0.070
🛑 Invalidation: Clean reclaim & hold above 0.072
🎯 Downside Targets
TP1: 0.065
TP2: 0.062
TP3: 0.058 (prior consolidation & liquidity)
⚠️ Key Condition
As long as price stays below 0.071, downside continuation toward the previous consolidation zone remains favored.
📉 Fade exhaustion. Trade structure. Keep risk tight.
$ARC 🔥
