AR/USDT: High Risk-to-Reward Setup on 4H Chart (4.18 R:R)Trade Setup Overview
Entry Zone (CMP): $16.80 - $16.60 (current price action suggests consolidation near these levels).
Stop Loss: $16.21 (below recent lows and key support).
Target: $17.90 (next significant resistance level).
Risk-to-Reward Ratio: 4.18
Key Levels to Watch
Entry Zone: $16.80 - $16.60. This zone is near current price action and offers a good entry point, with a favorable risk setup.
Stop Loss: $16.21, placed just below the recent low to manage downside risk.
Target: $17.90, a key resistance level, aligning with the expected short-term bullish move.
Technical Context
1️⃣ Price Action: AR/USDT is holding near the support zone of $16.80 - $16.60, which could act as a base for a short-term rally.
2️⃣ Fibonacci Retracement: The entry range aligns well with the 0.5 retracement of the previous move, strengthening the support.
Next Steps for Traders
1️⃣ Watch for Confirmation: Look for a bullish candlestick pattern or price action confirmation within the entry range before entering.
2️⃣ Manage Risk: Place your stop-loss at $16.21 to keep risk limited while targeting the $17.90 level for profit.
3️⃣ Target Execution: Consider taking partial profits as the price approaches $17.90 or use trailing stops to lock in gains.
Conclusion:
With a 4.18 R:R ratio and a defined entry range of $16.80 - $16.60, AR/USDT is setting up for a short-term bullish move toward $17.90. Keep an eye on the support at $16.21 and the key target at $17.90
What’s your view on this setup? Share your thoughts in the comments below! 👇
Disclaimer: This is not financial advice. Always conduct your own research before trading.
