Arweave (
$AR ) Price Analysis: Big Move Incoming? Full Details Inside!
Arweave is currently at a critical level, testing the lower support of a symmetrical triangle on the daily chart.
This pattern often signals a big move is on the horizon, and it’s time to prepare! Let’s break it down step by step:
Current Market Situation
Key Support:
$AR is testing the lower boundary of the symmetrical triangle pattern.
Bounce Potential: A strong bounce from this level could trigger a powerful bullish rally.
Important Levels to Watch
Buy Zone: Between $7.50 and $8.50 – this is the low-risk entry area near current support.
Targets:
First Target (T1): $22.00 – the upper range of the triangle.
Second Target (T2): $29.00 – next major resistance level.
Third Target (T3): $35.50 – a key breakout zone.
Fourth Target (T4): $46.50 – potential high in a strong bullish run.
Stop Loss (SL): Set at $7.00 to manage risk and protect your capital.
How to Execute the Strategy
1. Entry: Look for entries in the buy zone ($7.50–$8.50).
2. Risk Management: Place a strict stop loss at $7.00.
3. Profit-Taking:
Sell 25% of holdings at $22.00.
Another 25% at $29.00.
Secure profits at $35.50 and $46.50 for the remaining amounts.
Scenarios to Watch
1. Bullish Breakout:
If
$AR bounces off support and breaks above $15.00, expect a strong rally toward targets.
Volume confirmation will be critical to validate this move.
2. Bearish Breakdown:
If
#AR closes below $7.00, the pattern fails, and a revisit to $5.50 support is possible. Wait for fresh opportunities at lower levels.
💬 Final Thoughts
Arweave is showing signs of bullish momentum, and this symmetrical triangle could be the setup for a major move.
The key is patience and disciplined risk management. Stick to your plan, and let the market do the work!