Market Context: AR has retraced to a significant area of support between $18.00 and $20.00, creating a favorable opportunity for a long trade. This setup looks promising if the support holds.
Trade Setup:
Entry: In the current $18.00 - $20.00 area of support.
Take Profit:
First target: $24.00 - $26.50
Second target: $32.00 - $35.00
Stop Loss: Around $16.00.
This trade aims to capitalize on the bounce from support, providing a structured risk-reward profile. #AR #SupportTrade
Trade Setup:
Entry: In the current $18.00 - $20.00 area of support.
Take Profit:
First target: $24.00 - $26.50
Second target: $32.00 - $35.00
Stop Loss: Around $16.00.
This trade aims to capitalize on the bounce from support, providing a structured risk-reward profile. #AR #SupportTrade
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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.