📈 AR (Arweave) at ~$6.64 — Price Compression Before a Potential Breakout
🕯 Candle Behavior:
Consistent small-bodied candles with long lower wicks on both the 4H and daily chart — indicating strong buyer support absorbing dips.
Multiple Doji and inside candles reveal price compression and indecision — often seen before breakout moves.
The most recent daily candle bounced cleanly off support, forming a rejection wick — showing buyers stepping in again.
📊 Technical Outlook:
Strong support zone: $6.40–$6.45 — tested multiple times without breakdown.
Key resistance: $6.65–$6.70 — needs solid volume to break above.
Price is coiling in a tight range (~$6.42–$6.64), with declining volume — a classic consolidation setup before expansion.
🚨 Why This Might Break Up Soon:
Long downside wicks = whales or institutions accumulating silently.
Price action is stable despite market weakness — showing resilience.
Coiling price near resistance usually ends with a volatility surge.
📌 Trade Plan (Educational):
Entry Zone: $6.45–$6.55
Stop Loss: Below $6.35
Profit Targets:
TP1: $6.70 (near breakout)
TP2: $6.90–$7.10 (resistance above)
TP3: $7.30+ if momentum builds
Risk/Reward: ~1:3 or higher
