ARC/USDT on 1 hour timeframe upwards potential

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The price is hovering just above the 0.618 Fibonacci retracement level (0.04047), which is often seen as a strong support zone in bullish setups

Entry: 0.04047
Stop Loss (SL): 0.03872 (below support zone)
Take Profit (TP1): 0.04968 (near 0.382 retracement)

Risk/Reward Ratio: Favorable, assuming bounce from 0.618 level

This setup suggests a bullish reversal expectation, with a tight stop and a target near the next resistance

Penafian

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