🔻 $ARPA /USDT – Testing the Bottom of the Bollinger Band
ARPA is currently trading at $0.01966 (-5.93%), brushing against its lower Bollinger Band ($0.01952) after rejecting the 24h high of $0.02102. The price action reflects increasing bearish pressure in a low-volatility squeeze zone.
📊 Technical Breakdown:
• 24h High/Low: $0.02102 / $0.01956
• Volume: 68.80M ARPA | $1.41M USDT
• Bollinger Bands (20,2):
– Upper: $0.02105
– Midline: $0.02029
– Lower: $0.01952
• Trend: Bearish tilt with price hugging lower band, suggesting momentum could continue unless sharply rejected
📉 Bearish Trade Idea: • Entry: Below $0.01950
• TP1: $0.01890
• TP2: $0.01820
• Stop-Loss: $0.02030 (above midline resistance)
⚠️ Break below $0.01952 (BB low) may confirm volatility expansion to the downside. Reversal only if reclaim above $0.0203 with volume.
