Important Area to trade for Arweave
Here is the important level for your trading in Arweave.
As you can see in the picture, Arweave had a false breakout and that usually means the price will be pushed all the way up the the downtrend we have, but in between there are some scalp trade we can make.
The green area is a 5 min demand zone which if the price continue going up without touching it, I would not consider it as a strong demand zone.
The other two areas are strong Supply zone for scalp trade as volume, price action and Fib illustrate the price will react to these areas.
Eventually I expect the price break the up trend and make lower low in higher time frame.
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Nothing in this TA is a financial advice.
As you can see in the picture, Arweave had a false breakout and that usually means the price will be pushed all the way up the the downtrend we have, but in between there are some scalp trade we can make.
The green area is a 5 min demand zone which if the price continue going up without touching it, I would not consider it as a strong demand zone.
The other two areas are strong Supply zone for scalp trade as volume, price action and Fib illustrate the price will react to these areas.
Eventually I expect the price break the up trend and make lower low in higher time frame.
====================
Nothing in this TA is a financial advice.