ARPA has experienced a 51% surge in volume and is currently in a healthy correction phase. This pullback after a breakout is actually a normal confirmation process and definitely not a top distribution signal.
From a technical perspective, the massive increase accompanied by a significant rise in open interest clearly reflects that institutional funds are continuously entering the market, rather than bears dumping the price. After breaking out, the price formed a tight flag pattern at high levels, with buying pressure continuously absorbing short-term profit-taking selling pressure. Throughout the process, there was no sign of panic selling.
Trading strategy: As long as the price can hold above the key support at 0.0170, the momentum from the breakout will continue to push the price higher.
📊 Specific plan: Long position, entry zone 0.0178-0.0182, with a strict stop-loss at 0.0165. First target at 0.0200, second target at 0.0225.
The key is to be patient, wait for the flag pattern to complete, confirm the breakout, and then follow up. This will increase the success rate.
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SandwichTrader
· 11h ago
Flag pattern consolidation? Here we go again. When I last heard this, ARPA had already dropped.
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ser_ngmi
· 13h ago
0.0170 If I can't hold it, I give up. This time, either double by the end of the month or cut losses and exit.
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DataBartender
· 13h ago
The talk about flag pattern consolidation has been heard too many times; the key is whether it can break 0.017.
Wait, could this again be the classic "healthy correction" trap?
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fork_in_the_road
· 13h ago
Flag formation? I think this is the main force accumulating. Hold above 0.0170 and keep buying, buying, buying.
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UnluckyMiner
· 13h ago
If this key support at 0.0170 can hold, we will be stable.
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MidnightGenesis
· 13h ago
On-chain data shows that the 0.0170 level is the critical point; breaking it would be the real trouble. I have been monitoring the current flag pattern consolidation, and what I said is correct... As expected, the main force is still accumulating, and it is worth paying attention to from the perspective of open interest.
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MetaverseVagabond
· 13h ago
Can this checkpoint really hold? It feels a bit uncertain.
ARPA has experienced a 51% surge in volume and is currently in a healthy correction phase. This pullback after a breakout is actually a normal confirmation process and definitely not a top distribution signal.
From a technical perspective, the massive increase accompanied by a significant rise in open interest clearly reflects that institutional funds are continuously entering the market, rather than bears dumping the price. After breaking out, the price formed a tight flag pattern at high levels, with buying pressure continuously absorbing short-term profit-taking selling pressure. Throughout the process, there was no sign of panic selling.
Trading strategy: As long as the price can hold above the key support at 0.0170, the momentum from the breakout will continue to push the price higher.
📊 Specific plan:
Long position, entry zone 0.0178-0.0182, with a strict stop-loss at 0.0165. First target at 0.0200, second target at 0.0225.
The key is to be patient, wait for the flag pattern to complete, confirm the breakout, and then follow up. This will increase the success rate.