ARPA/BTC (Bullish Early Sign?)

ARPA/BTC

-ARPA Chain is on a short term downtrend from the High at 490 sat
-Its value has depreciated by over -40% at peak
-We can see a downward trendline resistance coming from the top
-This is a local barrier keeping the Bears in control
-During its downfall, we can see a 1st Bullish reaction at Key support area
-This zone is a confluence of Golden Fib, 200ma, and previous resistance zone
-My Bullish bias would be a retest of the recent low at 290 and trendline break up
-You may enter on support retest aggressively or wait for the breakout confirmation
-Either way, you must follow proper risk management and trading size
-Upside potential is up to 437 sat or higher