$ARPA Trade Idea (4H Chart):
▶️ Entry Zone: 0.04079 - 0.04104
🛑 Stop Loss: 0.04045 (24h Low)
🎯 Take Profit 1: 0.04191 (24h High)
🎯 Take Profit 2: 0.04464 (Recent resistance level)
Analysis:
🔹 Price below all EMAs (7, 25, 99), indicating short-term downtrend
🔹 Recent bounce from 0.03797 low to current price of 0.04079
🔹 RSI(14) at 44.24205, neutral but approaching oversold conditions
🔹 MACD slightly positive and above signal line, suggesting potential reversal
🔹 24h loss of 1.33%, indicating moderate selling pressure
Rationale: Looking for a potential reversal near support levels. Entry near current price with multiple targets to secure profits if upward momentum continues.
⚠️ Caution:
- Price at critical support level, watch for confirmation of reversal
- 24h trading volume (41.47M ARPA) relatively high, indicating increased volatility
- Use proper position sizing and consider scaling in/out of positions
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