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📉 Coin Name: #AR/USDT
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On the 4 hour chart for AR/USDT, a rising wedge pattern has developed, often indicating a potential bearish reversal. Additionally, the Relative Strength Index (RSI) is showing bearish divergence, suggesting a weakening upward momentum. This bearish outlook is further supported by the price action breaking through the resistance line of the rising wedge pattern. Given these technical indicators, AR seems to be entering a bearish phase.
ENTRY - 47.683 - Market Price
Signal Type - SHORT
Take Profit Targets:
1. 43.874
2. 42.659
3. 40.066
4. 37.635
Stop Loss: 49.303
Leverage: 30x
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