$ARC$0.084$ Just happens to be a small rebound high point from the previous decline phase, and you might think this is a resistance level. But looking at the chart, that large bullish candle with volume directly broke through it.

In the eyes of top traders, this kind of “volume surge bullish candle” indicates that the resistance level has failed, and may even turn into a short-term psychological support.

Spike attempts are all about grabbing liquidity; if they hit your stop-loss, you’ll be taken out of your short position: $0.0890 - $0.0910$0.08876$ is the previous high. If the price breaks through here, there will be a vacuum above, potentially causing a “short squeeze” and violent upward movement.

The price surged past $0.088$ but quickly fell back below $0.084$. Hold. “Dark Cloud Cover,” indicating strong selling pressure above, suggesting a bearish move to $0.075$. An extreme spike quickly pushed up to $0.095$ then rapidly fell back.

Stop-loss. These spikes can instantly wipe out your liquidation or stop-loss positions—don’t hold through it. Continue to squeeze the price higher with decreasing volume, sideways above $0.084$, refusing to pull back. Exit. The decreasing volume sideways consolidation is a buildup, and a further rally is highly probable.