$ARPA Currently Consolidating in Strong Support Area – Ready for a Rebound?
ARPA is currently showing a stable consolidation phase but requires volume confirmation for a major move.
Strategy: Buy on Breakout (Buy when breaking through resistance).
Entry Point: Wait for price to break through and hold above $0.01321 (50-period MA on 4-hour timeframe).
If broken, the next price target is $0.01364 (24-hour high).
Note if price successfully surpasses $0.01364 (the highest price in the last 24 hours). If this level is broken with high volume, a moderate target toward $0.0250 becomes more realistic.
Supporting Indicator: RSI is at 48.74 (neutral), providing room for upward movement without immediate risk of overbought conditions.
Stop Loss: Place below the strong support level of $0.01286 (100/200-period MA) to minimize risk in case the market reverses.
"Not financial advice (DYOR)"
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