AREC is holding nicely above the 0.618 Fibonacci level as support this week. Price action remains confined within the broader bull market support band—a solid zone for now. If momentum stays steady here, we could very well see a higher low form at these levels. The overall structure tells a bullish story so far. Watch how it behaves around this key Fib support; a break below could shift the narrative, but right now the technicals favor the bulls.
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ZkProofPudding
· 6h ago
arec performed well this week, the 0.618 Fibonacci level wasn't broken, feels like it can still go higher
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PumpAnalyst
· 6h ago
0.618 Fibonacci level holding is good, but don't celebrate too early; the big players love to trap traders here.
While bearish sentiment persists, this rebound does have some substance; the key is whether it can break through the resistance above.
The technical indicators look good, but I care more about trading volume; a rebound without volume is illusory.
Everyone, pay attention to risk management. During the bottoming process, it's easiest to chase highs and get cut. It's recommended to observe the movement of these few K-lines before entering.
Breaking below 0.618 will be disastrous; by then, it will be too late to regret. I have already prepared my stop-loss level.
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ser_we_are_ngmi
· 6h ago
Holding Arec at this position is indeed good, but I'm worried that a single large bearish candle could break it.
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LiquidityHunter
· 6h ago
0.618 this level really held strong, how's the liquidity depth? worried that if it breaks below, arbitrage opportunities might be triggered...
AREC is holding nicely above the 0.618 Fibonacci level as support this week. Price action remains confined within the broader bull market support band—a solid zone for now. If momentum stays steady here, we could very well see a higher low form at these levels. The overall structure tells a bullish story so far. Watch how it behaves around this key Fib support; a break below could shift the narrative, but right now the technicals favor the bulls.