#ARPA/USDT Analysis
The price is currently below the MA(7), MA(30), and MA(50) moving averages, indicating a bearish trend. However, It can bounce from the support and a big reverse can be seen
đ»Resistance Levels:
Immediate Resistance: $0.04600
Major Resistance: $0.04953
đșSupport Levels:
Immediate Support: $0.03857 (current level)
Strong Support: $0.03205
âĄïžBuying and Selling Points
Buy Zone: Around $0.03205, if the price consolidates at this level.
Sell Zone: Around $0.04600 to $0.04953, if the price faces resistance.
Stop Loss: Below $0.03117, to mitigate potential losses.
â Recommendation
Accumulation Strategy
Traders could consider accumulating ARPA at the strong support level around $0.03205. Given the current bearish trend, waiting for a consolidation near this support level could provide a better entry point.
đ Risk Management
Setting a stop loss below $0.03117 is advisable to manage risk. This level provides a safety net in case the bearish trend continues.
