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AR/USDT (Futures) Potential Upward Movement

AR/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 32.927, 35.216, 36.000.

Key Support Levels: 30.293, 28.669, 27.425.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside and rebounded above the strong support level around the 31.000 USDT mark. This shows that the buyers are in control and might move the price upward toward the next key resistance level.

AR/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 30.621

Target Profit 1 @ 32.927

Target Profit 2 @ 35.216

Stop Loss @ 28.324

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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