#ARC (ArcBlock) Short Liquidation Analysis
Liquidation Amount: $2.3251K
Current Price: $0.1816
Technical Analysis ON #ARC
Entry:
Recommended Entry Point: $0.1800
This entry point allows for a strategic position amidst current volatility, optimizing for potential downward movement while managing risk effectively.
Targets:
Target 1: $0.1750 (First Support Level) Observe market behavior at this level for any bullish reversals or consolidation.
Target 2: $0.1700 (Psychological Level) This target reflects trader sentiments, where profit-taking may occur.
Target 3: $0.1650 (Projected Support)A deeper plunge if market trends continue downwards; ensure to monitor volume trends closely here.
Stop Loss:
Suggested Stop Loss Level: $0.1850
This stop-loss level accounts for modest market fluctuations, minimizing potential losses while allowing the short position room to maneuver.