ARCUSDT trade ideas
ARC Bullish Reversal? Perfect Harmonic Setup + Break of LHs#ARC has been in a downtrend, but a perfect harmonic pattern has now formed on the 2H timeframe, signaling a potential bullish move.
Key Bullish Signs:
✅ #Harmonic Pattern Completion
✅ Bullish Divergence on #RSI
✅ Break of Previous #LHs (Sign of Reversal)
✅ Strong Support Zone Identified
🔥 Trading Plan: Long at CMP with SL below the harmonic low. TP1, TP2 and TP3 marked on the chart.
💬 What do you think? Are we ready for a bullish breakout? Drop your thoughts below! 👇👇
#ARCUSDT - Monitor this asset closely📈 LONG BYBIT:ARCUSDT.P from $0.25588
🛡 Stop Loss: $0.24176
⏱️ 1H Timeframe
✅ Overview:
➡️ BYBIT:ARCUSDT.P has broken out of a Falling Wedge pattern and is following an upward trend.
➡️ The POC (Point of Control) at $0.24041 confirms liquidity in this zone, potentially acting as strong support.
➡️ The key resistance is at $0.25588; if the price holds above this level, it may lead to further gains.
➡️ Increased volume signals strong buyer activity and a high probability of continuation.
⚡️ Plan:
➡️ Important: Set an order in advance to ensure execution when the price reaches the entry level!
➡️ Enter long above $0.25588.
➡️ Stop-Loss placed at $0.24176 for risk management.
🎯 TP Targets:
💎 TP1: $0.26618
🔥 TP2: $0.27640
⚡️ TP3: $0.28670
🚀 BYBIT:ARCUSDT.P - Monitor this asset closely!
🚀 Place your order in the listing so that it executes automatically when the breakout occurs.
ARC analysis (4H)From the point where we placed the red arrow on the chart, it seems that ARC's correction has begun.
Based on the correction, a 3D pattern appears to be forming, with the third drive potentially completing in the green zone, where we can look for buy/long positions.
In this area, upon receiving a trigger, sell/short positions can also be considered.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ARCUSDT: Trade Plan.ARC is moving in side ways and currently we have 2 plans of trade long and short.
1st Trade: BUY/LONG
We can buy on CMP, which is the 0.618 level of the FIB and this is the Gold Zone for the Entry and we will take trade on the double top.
2nd Trade: SELL/SHORT
We can short the trade after the double top confirmation. and wait for the any bearish candle appear on the chart.
