$ARK Rejected Hard – Time for a Quick Short?
I'm eyeing $ARK after that sharp pump from $0.3728 to $0.4774. Price slammed into resistance and got slapped down hard. The wicks and volume drop say it all — buyers are fading.
Here's my SHORT setup:
Entry: $0.4080 – $0.4120
TP1: $0.3920
TP2: $0.3820
TP3: $0.3740
SL: $0.4215
Why?
Bearish engulfing candle on the 1H
Momentum cooling off
Volume dropping = no strength behind bulls
I'm in for the retrace. Quick move up, quicker drop down.
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