The pair $ARPA
shows bullish breakout signs, achieving gains of 1.28% with a trading volume of $2.1 million, testing the key resistance level at $0.0233. Accumulation, the bullish relative strength index (58), and rising OBV indicate continued support towards higher levels.
Entry price:
Adventurous: $0.0230-$0.0233 (one-hour close above $0.0233 with trading volume)
Conservative price: $0.0225-$0.0228 (retesting the 20-period exponential moving average + bullish confirmation)
First profit price: $0.0240
Second profit price: $0.0245
Third profit price: $0.0250
Stop loss: $0.0220
Risk management:
Risk ratio of 0.5% to 1% of the account. Use limit orders due to low liquidity. Position size depends on the stop loss distance. Monitor one-hour close above the resistance level to confirm the breakout.
Trade here 👉🏻 $ARPA
