Bullish on ARU
Nice Long op here.
Price jumped up to 0.275 on news of government intervention back in March 24. Retail traders jumped in longs expecting price to surge. Institutions have then pushed the price back down to the previous low at 0.115 and stopped out all retail traders before we get the real move up.
I've jumped in around 0.125 looking for price to get back up to the first liquidity zone at 0.28. Will see how price reacts there.
Happy trading!
Price jumped up to 0.275 on news of government intervention back in March 24. Retail traders jumped in longs expecting price to surge. Institutions have then pushed the price back down to the previous low at 0.115 and stopped out all retail traders before we get the real move up.
I've jumped in around 0.125 looking for price to get back up to the first liquidity zone at 0.28. Will see how price reacts there.
Happy trading!
Note
NB: Very nice bullish Wick on the daily, Weekly and Monthly confirming bullish bias. 
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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.