$AR Very rapid rise

This may be a temporary drop.....

$AR just recorded the highest local price at $5.26 after a sharp increase from $4.62. However, early signs of exhaustion show consecutive rejection candles, and weak momentum indicates a potential pullback is near. For short sellers, this may be an ideal area for a tactical move.

📉 Setting up a short sale

• Entry area: 5.13 - 5.10

• Take profit 1: 4.95

• Take profit 2: 4.82

• Take profit 3: 4.70

• Stop loss: above 5.27

The rise seems overextended, and the Relative Strength Index (RSI) shows divergence on lower time frames. A pullback here would not surprise savvy traders who are shorting.