Trading Strategy $AR – Is the next price explosion approaching?
Hello Binance Community!
AR (Arweave) is showing important technical signals on the daily timeframe, with a high probability that we are on the brink of a new upward wave. Here’s the full analysis and smart entry plan.
Quick Technical Analysis – What does the chart tell us?
Current Price: $7.80
Recent High Price: $8.95
RSI: 49 – in the neutral zone, giving ample room for upward movement.
Bollinger Bands: The price is bouncing off the middle line (MB), which often indicates the start of a rebound wave.
MACD: About to make a positive crossover again – an initial signal for an upcoming rise.
Entry and Exit Strategy:
First Entry (Current): Between $7.60 – $7.85
Second Entry (upon potential retracement): $7.20 – an important support above the moving average line.
First Target: $8.50
Second Target: $9.20
Stop Loss: Daily close below $7.00
Why #AR is worth following now?
The price is in a consolidation zone after a healthy correction, preparing for a new wave.
The technical indicators are neutral but leaning towards a bullish reversal.
The MA(5) and MA(10) cross is very close – often followed by a strong movement.
Always remember: The market rewards those who prepare themselves before moving, not after the explosion.
