AR/USDT False Break for AR. Success reclaim or Continue down ?

2023年11月22日

💎 AR has undeniably attracted significant attention in the market. Currently, AR experienced a false breakout from the resistance. It is crucial for AR to reclaim the resistance and close above it to sustain the upward movement.

💎 Successful reclamation of the resistance at $8.1 probability could pave the way for AR to reach our target supply area. However, if it fails to reclaim this resistance, AR may move upward to the retesting phase after breaking down, heading toward the demand area of $6.15.

💎 In the event that AR returns to the demand area, it needs to sustain above the demand and bounce. If the response is mere consolidation at the demand area, there's a possibility that AR could lose the demand area or break down from it.

💎 The bearish scenario unfolds if AR loses the demand area, indicating a bearish signal for AR's movement and the potential for continued downward movement, revisiting the strong demand area.