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$ARC This morning, it directly fell below 0.073, down 18% in 24 hours, almost wiping out last week's gains. Don't rush to buy the dip; this level is like a standby ticket at the airport—looks cheap but may never get on the plane.
Industry rule: a cryptocurrency price drop of more than 30% is not an opportunity, it's a trap. Currently, 0.0726 is the previous support level; if the closing price stabilizes above 0.075, consider a small position for testing, with a stop loss set at 0.0705, and take profit first at 0.082.
Position size should not exceed 5%, just like cold noodles—adding too much seasoning can cause a flip.
Recently, funds are rushing out of the AI track quickly, so it's normal for high-volatility tokens like $ARC to be hammered. If you hold some, it's recommended not to hold on through the drop; if it breaks below 0.07, you must exit, and don't be the "value investor" who gets caught holding the bag.
If you don't understand, ask in the comment section. As usual, if likes exceed 500, I will continue to draw resistance levels tomorrow.