$ARPA

Entry Area: 0.03155 - 0.0320

Stop Loss: 0.03100

First Profit Target: 0.03350

Second Profit Target: 0.03489

Analysis

The currency price is currently below the EMA(50) and EMA(200), indicating a strong downtrend.

The recent price action has seen a sharp decline, with a potential bounce from the oversold zone.

RSI(14) is at 16.58 in the oversold zone, indicating a potential short-term reversal.

MACD is negative and below the signal line, indicating strong bearish momentum.

6.81% loss in 24 hours with high trading volume (101.30M ARPA) indicates strong selling pressure.

ARPAUSDT has taken a big dip and is showing signs of being severely oversold. This could be an opportunity for a quick bounce. However, the overall trend remains strongly bearish, and any long position should be considered extremely risky.

Warning

This is a high-risk trading idea based on a severely oversold condition

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