【$ARDR Blood Wash Full Record】5-minute K-line performance high platform diving, plummeting from 0.15199 to 0.13414 in a waterfall-like drop, a single 57,000 piece level explosive bearish candle directly breaks through the three defensive lines of MA5/MA10/MA30. The market has completely turned bearish, with the MA10 dead cross accelerating down to 0.1345, and on-chain monitoring shows that net outflow of main funds reached 380 BTC, which is a typical institutional dumping tactic.
Technical Analysis: All short-term moving averages are diving down at a 45-degree angle, MACD has a second dead cross below the zero axis, and under this structure, all rebounds are escape opportunities. The so-called 0.133-0.132 support zone shows no resistance in the face of sustained volume, and breaking 0.13 has become a foregone conclusion. The order book at 0.14000 is stacked with sell walls equivalent to three days of trading volume, and the rebound cannot even hold 0.13600, with the downtrend mode already initiated.
Whale dumping ignites panic: On-chain evidence shows that a top exchange-related address concentrated on selling 17.2 million ARDR during the Asian early session, triggering a follow-up sell-off. Combined with the project team not updating the mainnet progress according to the roadmap, the contract long-short ratio instantly soared to 4.2:1, and the whale accurately exploded 3.8 million dollars in long positions, this market will chop off any reckless hands.
【Survival Guide】Delete the spot trading app to avoid impulsive trading, and strictly set a stop-loss line at 0.13500 for contracts. A rebound from an oversold condition must wait for the four-hour line to stabilize above MA5 and for the volume to shrink to the current 1/3, but if the Nasdaq crashes during the night trading session, it is highly likely to break the strong support at 0.1280.
Remember: In a bear market, do not speak of bottoms, and do not test the harvester's scythe with your own body.
I will continue to share market analysis below, and those who want to follow can also discuss together~ Click on the avatar to go to my homepage to see my shares~
