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ARC's recent performance is worth paying attention to. After a 17% increase in volume, the price strongly broke through a key resistance level, while open interest surged. This combination of rising price and volume usually indicates genuine entry of major funds, rather than a short-seller's dump.
From the market details, selling pressure has been fully absorbed, with a shallow and rapid pullback, which is a typical feature of a strong market. Whether the price can stabilize above the breakout area is crucial for subsequent development. If it holds steady, the upward momentum is likely to continue.
**Technical reference**: For a long position, the suggested entry price range is between 0.0630 and 0.0645. Set a rigid stop-loss at 0.0595, with the first target at 0.0710 and the second target at 0.0780. The logic behind this setup is that volume breakout combined with open interest confirmation indicates a strong buying conviction.
Of course, any trading should be adjusted according to your own risk tolerance.