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ARB's recent decline has been quite fierce. After reaching 0.2136, it dropped straight down and is now stuck at 0.2063, having broken through the support levels of MA5, MA10, and MA20. Looking at the 1-hour chart, you can sense that the bulls are losing strength—RSI is only around 39, the MACD green bars have appeared, and the DIF and DEA are stuck together with no signs of divergence. In simple terms, the main players have finished unloading and are now dumping the price, which is a very clear sign.
For short-term trading, you can open a short position at the current price of 0.2063, with the stop-loss placed above the previous high of 0.2136. The first target below is 0.2045 (the lowest price in 24 hours), and further down, look at the previous low of 0.2034. If you're trading trend-following positions, hold firmly and don't be scared out by the volatility. For short-term traders, taking partial profits at key support levels is a safer approach. Lastly, a reminder: the main players are still accelerating their dump by exploiting the breakdown pattern, so watch out for them breaking through key supports suddenly and sharply.