Is a price explosion opportunity coming for currency $ARPA ?
Currency Analysis: #ARPA/USDT – Weekly Frame
The ARPA currency has been moving in a very tight range for the eighth consecutive week, with technical indicators strongly suggesting an upcoming price explosion either upwards or downwards – but current signals favor a rise by 70%.
Technical Indicators:
Bollinger Bands: The Bollinger range is compressed = a strong movement is approaching.
RSI: At 44.25 = neutral upwards, has not entered overbought territory.
MACD: Positive convergence about to cross upwards.
Strong Support: 0.01827
Current Price: 0.0253
Proposed Trading Plan:
Entry 0.0245 – 0.0255
Stop Loss 0.021
First Target 0.030
Second Target 0.035
Risk to Reward Ratio 1:2.5
Important Notes:
Do not risk more than 3-5% of your capital on the trade.
The plan is suitable for short to medium-term trading (from 3 to 10 days).
This strategy is part of a daily analysis I conduct for my followers — follow me for more!