$AR ๐ BREAKOUT INCOMING ๐ ๐
๐ Technical & Chart Overview
**Price Context & Volume:**
AR is trading in the $4.97โ$5.21 range with a solid ~$50M daily turnover .
Support & Resistance:
Support levels:
**$4.93โ$4.97** โ recent range low and pivot zone .
Deeper support: $4.59โ$4.41 โ secondary zones .
Resistance levels:
1. **$5.11โ$5.19** โ immediate pivot range
2. $5.45โ$5.63 โ higher moving average barrier
3. $5.96+ โ extended resistance
Technical Indicators:
Short-term on 1H: Bullishโ~71% moving average signals, momentum intact .
Daily: Mixedโoscillators neutral, moving averages neutral/strongโsell .
Momentum readings: RSI ~71, MACD positive, ADX strongโsuggest short-term strength .
Chart Pattern:
Consolidating between $4.97โ$5.21; potential breakout if price reclaims upper zone.
Historical long-term downtrend still influences structure, but short-term reversal signs are emerging .
๐ฏ Short-Term Strategy: โPivot Range Reclaimโ
Entry Zones:
Aggressive: $4.97โ$5.00 โ near support zone
Conservative: Wait for a clean breakout above $5.21 on rising volume
๐ Stop-Loss:
Aggressive entry: < $4.90
Breakout entry: < $5.05
๐ฏ Target Levels:
1. TP1: $5.45โ$5.63 โ just above key MAs/resistance
2. TP2: $5.96+ โ long-range upside
3. TP3: $6.50+ โ extension with bullish momentum
Execution Plan:
1. Scale into position near the $4.97โ$5.00 support.
2. Add on breakout above $5.21 with volume confirmation (>50M).
โ Summary
AR is holding a pivot range ($4.93โ$5.21) with early bullish signs. Look to buy dips near $4.97, or trade the breakout above $5.21 into $5.45โ$5.63 and potentially $5.96+.
๐ Entry: $4.97โ$5.00 (agg.) or on breakout > $5.21
๐ Stop: < $4.90 or < $5.05
๐ฏ Targets: $5.45 โ $5.96 โ $6.50+
๐ Disclaimer
For educational purposes only, not financial advice. Arweave (AR) is volatileโalways DYOR, use stop-losses, and manage portfolio risk.