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ARK has generated an S-level short signal on the 4-hour chart, with an approximate success probability of around 58%.
From a technical perspective, the RSI has entered the overbought zone (above 65), and the price is approaching the recent resistance area. The strength at this key level has reached 75%, and this level has been tested 8 times by the market, indicating some pressure here. In terms of scoring, the signal strength is rated at 88 points, with an effective duration of 480 minutes.
The suggested entry point is at 0.2979, with a recommended position size of 0.7%. The stop-loss is set at 0.30615, representing a risk of approximately 2.77%. If the trade progresses smoothly, there are three take-profit targets to consider: the first at 0.28553 (risk-reward ratio 1.5:1), the second at 0.27728 (risk-reward ratio 2.5:1), and the third at 0.2649 (risk-reward ratio 4.0:1).
Overall market sentiment indicates a sideways trend, with a long-short ratio of 1.78:1 leaning towards bullishness, but trading volume remains relatively low. The order book shows a buy-sell ratio of 1.27:1, and the ADX strength index is at 43.3. The upper band of the moving regression channel is at 0.3079, the lower band at 0.2833, and the Fibonacci 0.618 level is around 0.2985.
It is important to note that the cryptocurrency market is highly volatile, and strict stop-loss measures must be implemented to control risk. This signal is for reference only and does not constitute investment advice. Trading decisions should be made cautiously based on your own analysis.