ARUSDT trade ideas
ARUSDT Range Trading Indicates Potential 20% Upside 🚀💎 Over the past 21 days, ARUSDT has been consolidating in a range since it reached the high of $6.28 on July 23. Following this peak, a correction ensued, with the price experiencing a precise bounce off the 61.8% Fibonacci support level. Remarkably, AR has managed to hold above this critical support, leading to the formation of a robust demand area in its vicinity.
💎As the bulls successfully defend this support level, there is a high probability that the price will resume its upward movement. #ARUSDT is likely to target the top of the range and potentially extend further to test the nearest Fibonacci resistance at 78.6% Fibs. This scenario could result in a nearly 20% price increase in a relatively short timeframe.
💎Despite the strong bullish probability, it is crucial to remain open to an alternative scenario where the price continues to decline. This scenario would only materialize if #AR breaks below the current support, thereby granting the bears control and potentially pushing the price down to the technical and psychological support level at $5.
Stay tuned Paradisers, as #ARUSDT presents intriguing trading opportunity amidst its range trading dynamics! 🌴
Important Area to trade for ArweaveHere is the important level for your trading in Arweave.
As you can see in the picture, Arweave had a false breakout and that usually means the price will be pushed all the way up the the downtrend we have, but in between there are some scalp trade we can make.
The green area is a 5 min demand zone which if the price continue going up without touching it, I would not consider it as a strong demand zone.
The other two areas are strong Supply zone for scalp trade as volume, price action and Fib illustrate the price will react to these areas.
Eventually I expect the price break the up trend and make lower low in higher time frame.
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Nothing in this TA is a financial advice.
AR/USDT possible long entry!BINANCE:ARUSDT have the potential to climb around 20%.
Based on LIQ levels the target is around 12.40 but based on price targets from tehnical analysis the 12.00 area (which is a psyhological level on top of everything)
will be more likely to find its resistance.
Maybe it will climb higher but i think 12.00 will deff have a pullback.
And for the SL - i wont advice to enter rn. Kinda missed the trade with 6% but if it corrects down i will be a little bit more confident.
AR will soon be bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AR symbol.
For risk management, please don't forget stop loss and capital management
It is about to end its diametric G wave and can move up to the red zone. $5.4 is the invalidation level
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You