$AR
Technical Analysis for AR/USDT - Is a Golden Opportunity on the Horizon?
Current Price: 7.28
Daily Change Percentage: +6.43%
24-Hour Price Range: Between 6.61 and 7.46
Analytical Overview:
The price has strongly bounced from a low of 4.63 to a high of 8.17, then corrected healthily.
It is now hovering around EMA7 (7.08) and EMA25 (6.71), reflecting an attempt for a bullish breakout.
RSI at 57.95 indicates upward momentum without overbought conditions.
MACD shows a recent bullish crossover.
Trading volumes are stable after a strong buying wave (accumulation).
Proposed Strategy: "Safe Ride on the Wave"
Conditional Entry: Close above 7.35 on a 4-hour candle.
First Target: 8.00
Second Target: 8.50 (near EMA99)
Stop Loss: Break below 6.70 and close underneath.
Advice: This is a suitable opportunity for short-term traders according to the breakout model after accumulation. Monitor trading volume with each rise to confirm momentum.
Do you see it as a promising opportunity? Share your thoughts with me, and if you found the analysis helpful, don’t forget to interact to support me!