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AR / TetherUS PERPETUAL CONTRACT

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ARUSDT.P trade ideas

Arweave... has potential growth in weeks comingthe price has already lost 92% of it's worth from last ATH. dropping between 5$ and 4$ means over 95% losing. and make sense after all those big sell off, we can expect for new bull trend in days and weeks coming. I believe if the price can close above the red supply zone we may see a big pump upside and more upward pressure in short to mid term. so...this coin has good risk/rewards for midterm-long term investing. Enjoy the market
Long
by bestfarbit74
14
Why Arweave $AR coin dumping When Meta and AR took over the partnership of decentralized data storage on November 3, token prices jumped from $10 to $17 in just 48 hours. We all know the price surged because of positive news, but according to Coinglass, November 3 is the biggest liquidation day for AR perpetual traders. According to the data, the AR market structure was already in a downtrend when the luna incident occurred, but when the news broke on November 3rd, the price did not surge because of the positive because it was a heavy short squeeze. BINANCE:ARUSDT AR Token chart shows extreme bearish in the upcoming day but if we see the bigger time When Luna Aftermath AR reaches the most important support zone, which is the $7 blue line in the image below. On 7 May When LUNA UST event the price of the AR token is a $7 to $18 rangebound then after September Ar is moving in the tied range for a whole month but when on Nove 3 Meta integration boomed the price towards the $17 dollar which is almost same high on Agust. FTX Drama and Current uncertainty of the market the AR token price break the crucial Support and then make the new low if the Weekly candle closed below the support then we see a retest of the support and further downwards if the situation is not good in crypto.
by humairqureshi