📊 Overall Market Sentiment: Extremely Bearish 📉📉🚨
$AR is in severe capitulation mode, with sellers fully in control and no visible support nearby.
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🚫 Trading Signal: STRONG SELL / AVOID
🔑 Reasoning
📉 Catastrophic Drop: Price is down -6.02%, signaling panic selling.
🕳 Breaking All Support: Current price $7.03 is well below MA60 ($7.14) and even cracked the 24h Low ($6.92) → clear breakdown.
🔻 High Volume Confirmation: Elevated trading volume validates strong sell-side dominance.
❌ No Catalysts: No visible signs of reversal; buyers are absent.
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⚠️ If Holding a Position
This chart shows extreme weakness.
The safest move is capital preservation → exit position or avoid adding more.
Do not attempt to catch this falling knife.
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🎯 Potential Downside Targets (USDT) (for short traders or exit strategy)
1. Target 1: $6.80 (Next psychological support)
2. Target 2: $6.50 (Major support level)
#ar #MemeCoinETFs $AR