๐ After showing strong recovery from demand, $ARC reclaiming short-term EMAs and testing EMA-99 resistance, where a confirmed breakout could open continuation toward higher range levels.
Key Observations:
โข Price bounced strongly from 0.051โ0.053 demand zone, confirming solid buyer interest.
โข Currently trading above EMA(7) & EMA(25) โ short-term bullish momentum.
โข EMA(99) (~0.0699) is acting as immediate resistance this level decides continuation.
โข RSI(6) near 71 โ momentum is strong but slightly overbought on lower TFs.
Long TradeSetup
โข Bias: Intraday Bullish
โข Entry Zone: 0.0680 โ 0.0695
โข Targets: 0.0735 โ 0.0780 โ 0.0810
โข Stop-Loss: 0.0650
Technical Analysis:
$ARC has bounced strongly from the 0.051 demand zone and is now holding above EMA(7) and EMA(25), indicating short-term bullish momentum. Price is currently testing EMA(99), a key decision level. A confirmed 1H close above this level can trigger continuation toward the upper range. RSI shows strength but suggests avoiding FOMOโbest entries come on minor pullbacks with volume confirmation.
โ ๏ธ Trade with proper risk management.
Trade $ARC here ๐
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