Bounce—Will the Recovery Increase Further? 31% in $ARC
Chart Situation:
On the 4-hour chart, ARCUSDT price dropped sharply to near 0.027, then made a strong recovery and came near 0.039. Buyer momentum has been visible in recent candles, but a major move will be important after a potential sharp drop.
Your Opinion?
Is this bounce the beginning of a new recovery, or will the price drop again to test support? Share your opinion and reason in the comments.
Long Setup
entry0.03893
sl 0.03019
tp 0.04400-0.06023
$ARC
$WAL
Chart Situation:
On the 4-hour chart, ARCUSDT price dropped sharply to near 0.027, then made a strong recovery and came near 0.039. Buyer momentum has been visible in recent candles, but a major move will be important after a potential sharp drop.
Your Opinion?
Is this bounce the beginning of a new recovery, or will the price drop again to test support? Share your opinion and reason in the comments.
Long Setup
entry0.03893
sl 0.03019
tp 0.04400-0.06023
$ARC
$WAL