🔥 #ARC/USDT.p Technical Outlook & Action Plan 📊
A potential trade setup is visible on the ARC/USDT Futures pair. Here is the short-to-mid-term technical analysis:
Technical Setup (4H / Daily Timeframe)
Pattern: Price has finished consolidating at the bottom and is attempting a confirmed Double Bottom breakout along with a trendline breach.
RSI & Indicators: Momentum indicators are showing bullish momentum, and the price is holding above the EMA-20/50.
Key Levels to Watch
🟢 Immediate Support: $0.065 – $0.070 (Safety Zone)
🔴 Key Resistance: $0.075 – $0.084 (Breakout Trigger Zone)
Take-Profit Targets
🎯 TP 1: $0.084
🎯 TP 2: $0.110
🎯 TP 3: $0.150+ (Major Swing Target)
🛑 Invalidation / Stop Loss: $0.062 (Daily Candle Close)
Trading Strategy: Consider entering a Long position upon a 4H candle close above the $0.075 level with strong volume, or after confirmation on a retest of the $0.070 Support zone.
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