🔍📈 "Revisiting Coin AR: Exploring Re-entry Opportunities" 🎯💹
💹 Let's analyze and examine this cryptocurrency coin together to see if it could potentially re-enter our mid-term portfolio.
🔄 In the higher time frame, namely the weekly chart, we've witnessed an incredible surge from $4 to $43. This bullish movement has brought significant profits to the holders of this coin.
🔍 After reaching the resistance at $43, we are currently experiencing a correction and are hovering around the broken resistance at $24.437. The decrease in volume post-correction still maintains our upward trend.
🚀 On the daily timeframe, following the movement from $7.92 to the peak at $43.82, we are currently reacting around the 0.382 Fibonacci retracement level. A green confirmation candlestick, accompanied by a lower shadow, along with increased volume, could confirm the continuation of our trend. Historically, a corrective wave retraced from the 0.382 level can surpass the Fibonacci level of 0.
💰 For spot purchases and adding to the portfolio, you can place your buy order after the closure of the daily candlestick, accompanied by a rough stop-loss around $22.160. Alternatively, after the weekly resistance at $43.82 is breached, with increased confidence, you can consider adding to your portfolio.
📊 For those who purchased this coin after the breakout from $4.511, I recommend either withdrawing their principal investment or cashing out a portion of their profits and exploring other projects.
⏳ If the next candlestick, or even the current one, turns red and closes below the support at $24.437, I suggest putting buying this coin on hold and looking for newer entry points, such as the significant supports at $15.105 or $10.826.
🎯 Market conditions currently heavily depend on BTC.D's strength and the significant capital flowing into Bitcoin. Should it aim for a new all-time high again, this coin AR could potentially bring in substantial profits.
📈 Our upcoming resistances are at $31.006, $43.820, and $65.903, while our supports stand at $15.105, $10.826, and $7.920. Expect some market reactions around these levels.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
🔄 In the higher time frame, namely the weekly chart, we've witnessed an incredible surge from $4 to $43. This bullish movement has brought significant profits to the holders of this coin.
🔍 After reaching the resistance at $43, we are currently experiencing a correction and are hovering around the broken resistance at $24.437. The decrease in volume post-correction still maintains our upward trend.
🚀 On the daily timeframe, following the movement from $7.92 to the peak at $43.82, we are currently reacting around the 0.382 Fibonacci retracement level. A green confirmation candlestick, accompanied by a lower shadow, along with increased volume, could confirm the continuation of our trend. Historically, a corrective wave retraced from the 0.382 level can surpass the Fibonacci level of 0.
💰 For spot purchases and adding to the portfolio, you can place your buy order after the closure of the daily candlestick, accompanied by a rough stop-loss around $22.160. Alternatively, after the weekly resistance at $43.82 is breached, with increased confidence, you can consider adding to your portfolio.
📊 For those who purchased this coin after the breakout from $4.511, I recommend either withdrawing their principal investment or cashing out a portion of their profits and exploring other projects.
⏳ If the next candlestick, or even the current one, turns red and closes below the support at $24.437, I suggest putting buying this coin on hold and looking for newer entry points, such as the significant supports at $15.105 or $10.826.
🎯 Market conditions currently heavily depend on BTC.D's strength and the significant capital flowing into Bitcoin. Should it aim for a new all-time high again, this coin AR could potentially bring in substantial profits.
📈 Our upcoming resistances are at $31.006, $43.820, and $65.903, while our supports stand at $15.105, $10.826, and $7.920. Expect some market reactions around these levels.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.