Yesterday, someone asked me about the coin $AR.
I checked it on Binance yesterday, and the bottom broke without volume. You could say the pattern is a head and shoulders or an M-top, either way, it's quite bearish. So, I told him: in the short term, it's leaning towards the bearish side. If it breaks the previous low, stop loss should be executed, don't gamble on it.
Then today, I checked CoinMarketCap, and AR's trading volume on HTX accounts for 15.26%, which is the highest.
HTX解得:
Past scripts with volume at the bottom = rebound (0.786 Fib), could this time also mean volume at the bottom = rebound (0.786 Fib)?
Of course, if holding long-term, capturing the equal amplitude of the triangle convergence can set a long-term target price, but it's something that can be encountered but not sought.
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