$AR Very rapid rise❓❓This could be a temporary drop.....
Just recorded the highest local price at $5.26 after a sharp rise from $4.62.
But early signs of exhaustion show consecutive rejection candles, and weak momentum indicates that a pullback may be approaching.
For short sellers, this could be an ideal area for a tactical move.
📉 Setting up the 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 to be overextended, and a divergence in the Relative Strength Index (RSI) appears on the lower timeframes.
A pullback here would not surprise savvy traders who are shorting with control
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