ARPA/USDT Chart Analysis:
The ARPA/USDT pair is currently trading at $0.06073, up 44.94% in the last 24 hours. The price reached a high of $0.07240 but has since retraced.
Support and Resistance:
Resistance: The price faced resistance at $0.07240, indicating sellers stepping in at that level.
Support: A strong support level is seen at $0.05180, where buyers previously entered, pushing the price up.
Entry Strategy:
Aggressive traders could look for entries near the current price, targeting a break above $0.06285 to retest the $0.07240 resistance.
Conservative traders should wait for the price to either retest the support near $0.05180 or a confirmed breakout above $0.07240 for a more secure entry.
Tight stop-losses below the support level are recommended to manage risk.
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