ARUSDT Primed for Breakout: Long Trade to $45.5 Resistance
Arweave (ARUSDT) is currently trading at a crucial support level around $42.32, a zone that has acted as a resistance in recent 1-hour charts. This presents an attractive opportunity for a long trade, as the price is likely to bounce off this support and seek higher levels.
Technical Analysis:
Proposed Long Trade:
Entry Price: 42.32 USDT (current price)
Take Profit: 45.50 USDT (resistance level)
Stop Loss: 40.8 USDT (below support zone)
Technical Analysis:
- Key Support Zone: The current price is at the lower end of a trading range, indicating a potential reversal point.
- Bullish Divergence: The MACD indicator suggests bullish divergence, hinting at a potential trend reversal.
- Positive Fundamentals: Recent fundamental developments, including partnerships and growing adoption, support a bullish outlook.
- Higher Timeframe Trend: The overall trend on higher timeframes remains bullish, aligning with the long trade setup.
Proposed Long Trade:
Entry Price: 42.32 USDT (current price)
Take Profit: 45.50 USDT (resistance level)
Stop Loss: 40.8 USDT (below support zone)
Nota
It hit the stop loss very quickly, although it was very tight, it seems that the market is going to fall a little.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.