🔹 Trading Recommendation on AR/USDT – Professional Insight 🔹
#BullRunAhead #bullish #BuyTheDip
📊 Technical Analysis:
🔸 Current Price: 6.957 USDT
🔸 Clear bounce from the bottom 5.332 USDT with an increase in trading volumes.
🔸 The price is testing Fibonacci retracement levels of 23.6% (6.68 USDT), which may indicate a continuation of the upward trend.
🔸 The moving average MA(5) is nearing a crossover with MA(10), supporting positive momentum.
📈 Buy Scenario:
✅ Buy Entry: After a breakout and a stable close of a 4-hour candle above 7.10 USDT.
🎯 Targets:
First Target: 7.77 USDT (78.6% Fibonacci level)
Second Target: 9.66 USDT (61.8% Fibonacci level)
🛑 Stop Loss: 5.90 USDT to protect capital.
⚠️ Note: Commitment to capital management, and not risking more than 3-5% of the portfolio on the trade.
📌 #AtlasCrypto | Professional analyses and recommendations in the world of crypto.
