๐$AR Ready to Unleash Momentum? This Bullish Pattern Has Traders Watching Closely ๐
Current Price: $6.87
24H High: $6.92 | 24H Low: $6.26
Trend Status: Short-term Bullish Momentum
๐ง Technical Breakdown:๐
$AR has shown a clean reclaim from the $6.26 support zone and is now pushing against the key dynamic resistance near $6.87. On both the 1H and 4H timeframes, the price structure has shifted from lower highs to higher highsโan early sign of trend reversal.
EMA Signals: Price recently broke above the 20EMA and is flirting with the 50EMA barrier on the 4H, which if flipped into support, could validate the next leg up.
MACD: Histogram is showing expanding green bars, and the MACD line has crossed above the signal lineโstrong confirmation of buyer momentum returning.
RSI: 71.13 on 1H shows temporary overbought conditions, suggesting minor intraday pullbacks are possible before continuation.
๐ Trade Strategy Idea:
Instead of chasing the breakout immediately, consider waiting for a retest near $6.65โ6.70, which aligns with the 20EMA and psychological consolidation zone. If buyers defend this level, a potential long entry could ride the wave towards:
๐ฏ Target 1: $7.05
๐ฏ Target 2: $7.20+
โ Stoploss: $6.51 (below last bullish engulfing support candle)
๐ฌ Why Bullish?๐ค๐ฅ
The shift in EMAs, strengthening MACD, and increasing volume confirms accumulation phase transitioning into markup. Given the bounce from macro support, bulls now have room to push.
๐ง Pro Tip: Donโt rush into breakouts without confirmation. Smart traders let $AR price come to them on retest setups where risk is lowest and reward is high.
๐งญ โOpportunities donโt disappear โ they move to the patient.โ
๐ This post is not financial advice. Trade at your own risk after doing your own research.
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