ARUSD Bullish Idea

6 hari yang lalu

Bullish Idea
Entry Zone:
$23.50 - $24.00: This is a strong support area where buying interest is expected. Look for consolidation or bullish reversal signals before entering.
Targets:
Short-term Target: $28.00 (previous resistance level)
Medium-term Target: $30.00 (psychological resistance)
Long-term Target: $35.00 (major swing high from previous trends)
Stop Loss:
Place a stop-loss below $22.50, as a breakdown below this level could invalidate the bullish setup and signal a deeper retracement toward $19-$20.
Risk-Reward:
Risk: Approximately $1.50 (entry at $23.50, stop at $22.00).
Reward: Potential upside of $4.50 to $11.50, giving a risk-reward ratio of 3:1 or higher depending on your target.
Key Technical Reasons for Bullish Bias:
Market Structure:

The market is forming higher lows and maintaining a bullish structure above key support levels.
Healthy RSI Reset:

RSI has cooled off to neutral (47.72), allowing room for further upside without being overbought.
Breakout Momentum:

The breakout above $20 remains intact, with consolidation forming above this key level, signaling bullish accumulation.
Volume Confirmation Likely:

Consolidation phases often precede strong volume-driven moves, and a breakout above $25-$26 could bring new buyers into the market.
Strategy:
Watch $23-$24 Support Zone: Enter long positions if price holds or shows bullish reversal patterns.
Set Conservative Stops: Below $22.50 to protect against unexpected breakdowns.
Add on Confirmation: Consider adding positions if price breaks above $25-$26 with strong volume.