Coin Name: $AR
Position: SHORT
Entry Price: 8.53
On the 4-hour timeframe, AR is forming a bearish Head and Shoulders pattern, signaling potential trend exhaustion. If the price reaches the $8.53 level—aligned with the 0.786 Fibonacci retracement—it may act as a strong reversal point. Additionally, the RSI is hovering around a supply zone, further reinforcing the bearish outlook.
On the 4-hour timeframe, USDT.D is forming a descending channel. The RSI is currently holding within a demand zone and is showing signs of bullish divergence, suggesting a potential short-term move to the upside—likely to retest the upper trendline of the channel. However, I expect this move to be temporary, followed by another leg down. It's important to note that when USDT.D rises, it typically signals weakness in the broader crypto market, while a decline in USDT.D is generally bullish for crypto assets.
On the weekly timeframe, AR shows a significant build-up of liquidity to the downside. This indicates a potential move lower as the price may seek to capture that liquidity before making its next major move.
Leverage: 3X
Targets:
1st TP 7.90
2nd TP 7.50
3rd TP 7.00
4th TP 6.50
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$AR
