Are you preparing $AR for a new breakout? Smart trading strategy on the 2-hour timeframe
Current price: $7.37 (+1.94%)
24-hour high: $7.47
24-hour low: $7.09
Quick technical analysis (2-hour timeframe):
RSI (6) = 57.36: Moderate momentum, still room for upward movement before overbought.
Bollinger Bands: Price is moving towards the upper limit (7.47), breaking it will open the door for additional gains.
MACD: Very close to a positive crossover, an early signal for renewed upward trend.
Short trading strategy (Break & Ride):
1. Entry point:
Enter after a 2-hour candle closes above $7.50 with high trading volume.
2. Profit targets:
TP1: $7.70
TP2: $7.95
3. Stop loss:
Below the last support at $7.10
Quick tips:
Be mindful of the upper Bollinger resistance, and play on confirmations.
Ensure there is supportive trading volume for the upward movement, otherwise the breakout could be false.
Do not enter just because the price is rising, wait for the close and confirmation – and avoid FOMO!
