Currently $ARC trading around $0.074. The asset shows a solid growth of +33.65% recently, and we are now witnessing a struggle for levels above the moving averages.
๐ Situation analysis:
Support found: The price clearly bounced off the $0.070 level (local bottom on the chart) and is now trying to establish above MA(7) and MA(25).
Bullish sentiment: MA(99) (purple line) is way down and confidently pointing upwards. This confirms the global uptrend.
Spring compression: The last candlesticks are getting shorter, which often precedes a strong impulsive move.
๐ Trading Plan (Intraday):
Entry: Current prices ($0.0740) or on a slight retrace to $0.0725.
Target 1: $0.0776 (testing todayโs high).
Target 2: $0.0820 (exit into a new resistance zone).
Stop-loss: Below the support level โ $0.0690.
๐ฆ Lion's Thoughts
I love charts where there's a clear support line. It allows us to enter with minimal risk. Remember, the market doesn't forgive haste โ let's wait for confirmation and grab our profits! ๐งฑ๐
Your support through tips inspires me to find these setups even faster. Hit 'Give a Tip' if you're in profit from my analyses. Let's reach new heights together! ๐งก๐ค
How's the vibe? Are we waiting for a breakout or closing at our targets? ๐
#ARC #cryptosignals #BinanceSquare #GiveATip #Write2Earn #tradingStrategy #altcoins
