ARLong
[AR] ARWEAVE long possible (13rr)
AR is showing a bit of weakness in the weekly and daily timeframes that could lead to a drop between $12.45 to $8.81, but in the higher timeframes is looking good for continuation after a pullback, the entry is between the lows from nov and high value node below val from the 2024, if it could form a bullish divergence at the entry price would be a sign of strength to reach higher prices. The target is between fibonacci retracement/extension levels, monthly/weekly levels and value area high from 2021 highs. If you want to entry with a limit order your stop loss may be wider, that's why if the price gets below the entry region i would wait for price be accepted above the entry again so the stop loss would be way shorter.
ENTRY: 12.4571282
STOP LOSS: $7.555
TAKE PROFIT: $76.3428968
ENTRY: 12.4571282
STOP LOSS: $7.555
TAKE PROFIT: $76.3428968
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.