The active $ARC demonstrates a classic recovery of the ascending structure after a sharp but limited correction. The sequence of higher lows indicates the preservation of the underlying bullish momentum, as buyers use pullbacks to enter rather than to exit. The current move towards key resistance is a logical development of this structure and a test of the true strength of the recovery.
The success of the scenario will depend on the reaction to the approaching resistance level. A confident absorption of this zone will signal a complete restoration of control by buyers and open the way to higher targets. However, if the resistance proves insurmountable and the price retraces, breaking the structure of higher lows, this will indicate that the recovery was merely a technical correction within a larger sideways or downward movement.
Entry zone: 0.0545 – 0.0565. This area is optimal for entry on confirmation of the continuation of the recovery impulse or on a retest of support after overcoming local resistance.
Goals:
TP1: 0.0620 (first key barrier)
TP2: 0.0685 (next supply zone)
TP3: 0.0750 (extended target corresponding to the scale of recovery).
Stop-loss: 0.0498. Breaking this level will destroy the structure of higher lows and undermine the logic of bullish recovery.
True trend recovery is confirmed not by a bounce, but by the ability to overcome the level that stopped it.
What do you consider a more convincing sign for continued growth: breaking resistance at 0.0620 on high volume or consolidation above the entry zone with the formation of a new step?