Hello guys, taking a look at $AR /USDT on the 1H chart, the price is showing a strong bullish recovery after bouncing from the 2.52 area. Buyers have pushed AR back up to around 2.87, and the recent candles are still making higher highs.
The immediate resistance is around 2.90–2.92. If $AR breaks and holds above this zone, the bullish momentum could continue further. On the downside, 2.83–2.75 looks like the important support area to watch.
For now, the trend looks bullish, but after such a sharp move, a small pullback or consolidation would also be normal before the next move. I would personally watch the 2.90 breakout closely rather than chasing the price at resistance.
#LululemonTumbles20%OnWeakGuidance
The immediate resistance is around 2.90–2.92. If $AR breaks and holds above this zone, the bullish momentum could continue further. On the downside, 2.83–2.75 looks like the important support area to watch.
For now, the trend looks bullish, but after such a sharp move, a small pullback or consolidation would also be normal before the next move. I would personally watch the 2.90 breakout closely rather than chasing the price at resistance.
#LululemonTumbles20%OnWeakGuidance
