AR : Pinning After Abnormal Activity - A Bullish Sign?
#ar #BullishSignals #BullishSign #BinanceSquareFamily
AR is displaying interesting price action, pinning after a period of abnormal activity. This suggests a potential shift in momentum, with buyers stepping in to defend the current price level.
Target :
20.73
Risk :
1% of allocated funds for spot trading.
Technical Analysis :
The recent pinning after abnormal activity indicates that buyers are stepping in to support the price. This suggests a potential shift in momentum, with buyers gaining the upper hand.
Resistance Levels :
The target of 20.73 represents a significant resistance level that will need to be overcome for a sustained bullish move.
Conclusion :
AR is showing signs of resilience, with buyers stepping in to support the price. The recent pinning after abnormal activity suggests a potential shift in momentum, but the target of 20.73 remains a significant hurdle.
Pro-Tip :
Keep a close eye on the price action around the 20.73 level. A break above this level could signal a strong bullish move.
Advice to Investors :
Proceed with caution. The market is volatile and influenced by external factors. Wait for strong confirmations before entering any positions.