ARC - Short Setup

470
Short ARC

On the 4H timeframe, we can clearly see that price reacted very strongly to the trendline I drew. Each time it touched this zone, price bounced consistently. Most recently, price broke below the trendline, came back for a retest, and showed a strong bearish rejection.

RSI has been in overbought territory repeatedly and is now starting to show signs of weakness. I wouldn’t be surprised to see price return to the 0.02477 zone in the near future.

TP: 0.02477
SL: 0.10107
RR: 1:6.46

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