$AR
I jumped from 2.65 to 4.70 in two days… and the market still hasn’t decided the most important point.
During the last surge, the daily trading volume reached about 27.4M$.
And on the 4H timeframe, a strong push caused the price to break above 4.00 quickly and print a top at 4.70.
But the chase isn’t the important part.
The key zone is 4.05–4.20, because it will show whether the breakout truly turned into support, or if it was just a quick impulse.
Holding above it keeps the move open toward 4.70, then 5.40–5.80.
As for losing 3.57, it completely changes the shape of the setup.
AR is now at the test that will determine whether this jump is the start of a move… or only a temporary push.
$AR
I jumped from 2.65 to 4.70 in two days… and the market still hasn’t decided the most important point.
During the last surge, the daily trading volume reached about 27.4M$.
And on the 4H timeframe, a strong push caused the price to break above 4.00 quickly and print a top at 4.70.
But the chase isn’t the important part.
The key zone is 4.05–4.20, because it will show whether the breakout truly turned into support, or if it was just a quick impulse.
Holding above it keeps the move open toward 4.70, then 5.40–5.80.
As for losing 3.57, it completely changes the shape of the setup.
AR is now at the test that will determine whether this jump is the start of a move… or only a temporary push.
$AR