$ARPA The pair is currently consolidating inside a symmetrical triangle pattern on the weekly timeframe. This type of pattern often suggests a period of indecision in the market, where the price moves between converging support and resistance levels.

What to Expect Next:

1. Bounce from Lower Border: If the price bounces from the lower boundary of the triangle (support), it could drive the price upwards, aiming for the following target levels:

First Target: $0.075

Second Target: $0.126

Third Target: $0.220

These are potential price levels that could be reached if the support holds and the price moves upwards.

2. Break Below Support: If the price breaks below the support of the triangle, we might see further downside, so we need to keep an eye on the lower trendline for any significant breakdown.

Buy Zone:

Ideal Entry (Buy Zone): The best time to enter is when the price touches or bounces off the lower trendline of the triangle (support zone). You can look for a confirmation like a bullish candlestick pattern or strong volume to confirm the bounce.

Suggested Buy Zone: Around $0.048 – $0.050

Target Levels:

First Target: $0.075

Second Target: $0.126

Third Target: $0.220 These targets are based on the previous price movements and the pattern's projected breakout.

Stop-Loss Level:

Stop-Loss: Since the lower border is crucial, if the price breaks below $0.048, it might signal a bearish move. Therefore, place the stop-loss just below the lower trendline or the recent low.

Suggested Stop-Loss: $0.045 – $0.047

Key Notes:

Keep an eye on market sentiment and volume. A sudden increase in volume could signal a breakout or breakdown from the symmetrical triangle.

Patience is important as price could continue to consolidate for a while before making its move.

This is a simple, straightforward approach to trading with clear buy zones, targets, and stop-loss levels. Always ensure to manage your risk accordingly.

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