AR COIN SWING LONG - Arweave Long Opportunity

16 พ.ย. 2024

AR is one of my favorite coins fundamentally. It has a strong foundation in storage and distributed computing, which could play a crucial role in integrating AI technology with crypto. I won’t go deep into the details here, but you can read more about it online if you’re interested.

Technical Analysis:
The price reached the monthly demand, ran the daily swing liquidity, and couldn't close below it. We saw a strong rejection from that level, which led to a break in the daily structure.

Additionally, we broke the bearish trendline responsible for the downtrend since spring 2024. The trendline has been retested and rejected, further reinforcing the bullish bias. I believe we could soon see strong upward momentum on this coin.

I’ve purchased a spot bag and opened a futures position at this level, targeting significant upside and potentially holding as a swing trade until all-time highs.

29 พ.ย. 2024

การซื้อขายยังคงดำเนินอยู่

Target filled. We are in profits.