OTWhale

πŸ”₯ ARUSDT Primed for LONG on DAILY TF βœ…

Long
OTWhale Updated   
BINANCE:ARUSDT   AR / TetherUS
Daily Time Frame:

1. Strong Bullish Candle Close and Lagging Span have crossed up Ichimoku Cloud
2. Ichimoku Cloud has printed green (look right)
3. Conversion Line has crossed up Base Line
4. 9 and 21 EMA have crossed up 55 EMA
5. Absurd Volume on Breakout (look left)
6. Buy Signals have been printed on various indicators since Oct 11

Entry: ~$14/wanna take a chance on a pullback which might never happen ~$10~$12) = Strong Demand/Support Zone, Even Number
TP: ~$40 = April High, Even Number, Strong Supply/Resistance Zone
SL: ~$8.2 = some pips below previous swing low/if you really believe in this coin ~$6.99 (some pips below ATL)/DCA for HODLING

Cross 25x
1:4 R:R

!! NOT A FINANCIAL ADVICE !!
Trade active:
It shows big rejection at ~$18 resistance zone, but daily candlestick managed to close above Daily 200 EMA which is another strong bullish sign. Since Instagram and Meta will be using ARWEAVE to store users' digital collections/NFT, we can expect long term bullish movement, at least until ~$40. If we manage to reach that level, we'll try to analyze future movements.
Trade active:
I have closed my previous positions at ~$17 (~300% profit), because those heavy rejections and BTC getting worse.

The pullback did happen $10.18, as we can see it forms a strong support alongside ichimoku cloud around this area, that's why unlike other people I don't put my SL at ~$13, and waited for this pullback for a new position. SL is still the same.
Trade active:
AR has potential to revisit $17 level (previous long wick rejections), if you've opened positions at $8 level, don't forget to take profit there. If you have faith in this coin for long term, keep at least 20% of your position for the next bull run.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.