They're calling the bottom, but ARPA's 4H chart tells a different story.
$ARPA /USDT - SHORT
Trade Plan:
Entry: 0.010001 – 0.010069
SL: 0.010236
TP1: 0.009834
TP2: 0.009767
TP3: 0.009633
Why this setup?
Daily trend is bearish, but the 15m RSI is pushing 60. This short setup on the 4H frame is a play against that intraday overbought pop, targeting a move back down to TP1 at 0.009834.
Debate:
Is this a clean rejection from the 4H resistance, or just a bear trap before a squeeze?