ARC directly fell by 20%, short order made money!

The floating profit of this order is almost 15,000. To be honest, I've been keeping an eye on this position for a long time. Why did I dare to open a short order? Three signals are right there:

First, looking at the on-chain data, large holders have been continuously reducing their positions; wallet data doesn't lie. Next, looking at the price, the support level of 0.053 has completely broken down, and the technical aspects have deteriorated. The most critical factor is the project itself—progress is absurdly slow, and there are rumors of personnel adjustments within the team; how can you expect me to be bullish at a time like this?

The trend is still going down, and I think the level of 0.038 is worth paying close attention to. If you want to buy the dip, don't rush; wait until it rebounds to around 0.048 before making a decision, as the resistance level will be more apparent at that time.

Of course, there will be big fluctuations in a downtrend, so stop-loss must be set properly. I recommend placing it above 0.058. Don't use too high leverage, leave some room for yourself. In this market, when making money, you need to be steady and not go all in and lose all your previous profits.