🚀$AR Ready to Unleash Momentum? This Bullish Pattern Has Traders Watching Closely 📈
Current Price: $6.87
24H High: $6.92 | 24H Low: $6.26
Trend Status: Short-term Bullish Momentum
🧠 Technical Breakdown:📊
$AR has shown a clean reclaim from the $6.26 support zone and is now pushing against the key dynamic resistance near $6.87. On both the 1H and 4H timeframes, the price structure has shifted from lower highs to higher highs—an early sign of trend reversal.
EMA Signals: Price recently broke above the 20EMA and is flirting with the 50EMA barrier on the 4H, which if flipped into support, could validate the next leg up.
MACD: Histogram is showing expanding green bars, and the MACD line has crossed above the signal line—strong confirmation of buyer momentum returning.
RSI: 71.13 on 1H shows temporary overbought conditions, suggesting minor intraday pullbacks are possible before continuation.
📌 Trade Strategy Idea:
Instead of chasing the breakout immediately, consider waiting for a retest near $6.65–6.70, which aligns with the 20EMA and psychological consolidation zone. If buyers defend this level, a potential long entry could ride the wave towards:
🎯 Target 1: $7.05
🎯 Target 2: $7.20+
❌ Stoploss: $6.51 (below last bullish engulfing support candle)
💬 Why Bullish?🤔💥
The shift in EMAs, strengthening MACD, and increasing volume confirms accumulation phase transitioning into markup. Given the bounce from macro support, bulls now have room to push.
🧠 Pro Tip: Don’t rush into breakouts without confirmation. Smart traders let $AR price come to them on retest setups where risk is lowest and reward is high.
🧭 “Opportunities don’t disappear — they move to the patient.”
📉 This post is not financial advice. Trade at your own risk after doing your own research.
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