AR/USDT 1-day potential long setup

ARUSDT

AR/USDT 1-day potential long setup

The price of AR/USDT broke the previous resistance level of 4.36 and touched 4.60, but failed to sustain the momentum and retreated. It has since consolidated in the range of 4.22 to 4.48, but is now compressed between 4.00 and 4.17. The price has been accumulating in this zone for the past 7 days, suggesting that there is a strong buying interest at these levels.

A long position is now expected in this area, with a target of 4.60 and a stop loss below 4.00. Bullish divergence is also present on the 4-hour chart, which confirms the bullish outlook.

Key technical indicators:

Price: 4.15
Support: 4.00
Resistance: 4.76
Target: 5.20
Stop loss: Below 4.00

Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.