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AR/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 29.808, 33.220, 34.757.

Key Support Levels: 27.455, 25.720, 23.724.

Daily Time Frame:

The price on the higher time frame posted an engulfing bullish pattern under the strong support level around the 27.454 USDT mark. This shows that the market will not be able to move forward to the downside in the opposite we could see a reversal and move to the upside.

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

1-Hr Time Frame:

On the lower time frame, the buyers to break the bearish trend line to the upside after a Wyckoff accumulation phase which led to a move high. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 27.680

TP 1 @ 29.808

TP 2 @ 33.220

Stop Loss @ 25.569

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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