$ARPA Trade Idea (4H Chart):
âśď¸ Entry Zone: 0.04079 - 0.04104
đ Stop Loss: 0.04045 (24h Low)
đŻ Take Profit 1: 0.04191 (24h High)
đŻ Take Profit 2: 0.04464 (Recent resistance level)
Analysis:
đš Price below all EMAs (7, 25, 99), indicating short-term downtrend
đš Recent bounce from 0.03797 low to current price of 0.04079
đš RSI(14) at 44.24205, neutral but approaching oversold conditions
đš MACD slightly positive and above signal line, suggesting potential reversal
đš 24h loss of 1.33%, indicating moderate selling pressure
Rationale: Looking for a potential reversal near support levels. Entry near current price with multiple targets to secure profits if upward momentum continues.
â ď¸ Caution:
- Price at critical support level, watch for confirmation of reversal
- 24h trading volume (41.47M ARPA) relatively high, indicating increased volatility
- Use proper position sizing and consider scaling in/out of positions
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