$AR
Rebounded from 3,610 to 3,974! But Still Below MB at 4,283—Continue Shorting or Buy the Dip?
$AR Update: 2 timeframes — technical rebound!
4H — Still Bearish Below MB
Price at 3,974 is below MB at 4,058 = 4H is still weak. It briefly had a long wick down to 3,610 = liquidity sweep; many long SLs were hit.
BOLL: DN at 3,736 is the last support. If it breaks, it could fall to 3.5 again. MB at 4,058 is the first resistance.
MACD DIF at -0,065 is below DEA at -0,061 + -0,003 red = still bearish, but starting to slow down (almost a golden cross).
RSI at 49,35 is neutral, not oversold yet. There’s slight room to rise.
The previous peak at 4,778 is distant resistance.
1H — Downtrend From 5,301
Price at 3,974 is well below MB at 4,283 = the 1H is still in a downtrend from the 5,301 top.
UP at 4,820 is far above = it was overextended yesterday and is now undergoing a healthy correction.
MACD at -0,116 red + DIF at 0,102 below DEA at 0,218 = downward momentum is still strong on the 1H.
RSI at 43,12 is neutral-bearish, not oversold yet. It’s not time to buy big yet.
The 24H low at 3,829 has already been tested, then bounced 3% to 3,974.
AR SETUP FOR TODAY:
BUY SCALP (Holding DN):
Entry: 3,746 - 3,829 (1H DN + 24H low)
TP1: 3,974 (current price)
TP2: 4,058 (4H MB) +6-8%
SL: 3,610 (4H wick) -3,5%
SELL ON RALLY (Safest):
Entry: 4,058 - 4,283 (4H MB + 1H MB)
TP: 3,829 / 3,746
Distant TP: 3,610
SL: 4,380 (4H UP)
IN A NUTSHELL: As long as AR is below the 1H MB at 4,283 + 1H MACD at -0,116 = don’t FOMO into a long. This is just a rebound from 3,610. Wait for a break above the 4,058 MB before adding to the position.
Vol 11,42M USDT, beware of volatility!
Do you think AR will return to 4,283 or break down again to 3,610?
#AR #Arweave
Rebounded from 3,610 to 3,974! But Still Below MB at 4,283—Continue Shorting or Buy the Dip?
$AR Update: 2 timeframes — technical rebound!
4H — Still Bearish Below MB
Price at 3,974 is below MB at 4,058 = 4H is still weak. It briefly had a long wick down to 3,610 = liquidity sweep; many long SLs were hit.
BOLL: DN at 3,736 is the last support. If it breaks, it could fall to 3.5 again. MB at 4,058 is the first resistance.
MACD DIF at -0,065 is below DEA at -0,061 + -0,003 red = still bearish, but starting to slow down (almost a golden cross).
RSI at 49,35 is neutral, not oversold yet. There’s slight room to rise.
The previous peak at 4,778 is distant resistance.
1H — Downtrend From 5,301
Price at 3,974 is well below MB at 4,283 = the 1H is still in a downtrend from the 5,301 top.
UP at 4,820 is far above = it was overextended yesterday and is now undergoing a healthy correction.
MACD at -0,116 red + DIF at 0,102 below DEA at 0,218 = downward momentum is still strong on the 1H.
RSI at 43,12 is neutral-bearish, not oversold yet. It’s not time to buy big yet.
The 24H low at 3,829 has already been tested, then bounced 3% to 3,974.
AR SETUP FOR TODAY:
BUY SCALP (Holding DN):
Entry: 3,746 - 3,829 (1H DN + 24H low)
TP1: 3,974 (current price)
TP2: 4,058 (4H MB) +6-8%
SL: 3,610 (4H wick) -3,5%
SELL ON RALLY (Safest):
Entry: 4,058 - 4,283 (4H MB + 1H MB)
TP: 3,829 / 3,746
Distant TP: 3,610
SL: 4,380 (4H UP)
IN A NUTSHELL: As long as AR is below the 1H MB at 4,283 + 1H MACD at -0,116 = don’t FOMO into a long. This is just a rebound from 3,610. Wait for a break above the 4,058 MB before adding to the position.
Vol 11,42M USDT, beware of volatility!
Do you think AR will return to 4,283 or break down again to 3,610?
#AR #Arweave