Arweave has came down to test the ascending trendline support on the daily TF. We can already see a strong reaction from buyers at this zone, the market is potentially forming a double bottom formation here we are waiting to see a daily close above the confluence of resistance before we can drop down to the 4hr timeframe and look for a valid entry to open leveraged long position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.