$AR
Not an endorsement ... just drawing your attention to the structure.
We're perhaps putting in the manipulation leg, prior to a structure shift inside HTF (quarterly) demand, filling in the imbalance.
Honestly, alts have been a mixed bag this cycle so it's difficult to have longer-term conviction. Prior cycles this would be a scoop, put on ice, take profit at new ATHs. I'm just not so sure we get new ATHs across the board with alts. So for me, they need to be backed with strong fundamentals. AR probably has good fundamentals, I just haven't been keeping up ...
But for these kinds of charts, I'm building a watchlist of alts that may be in maximum R:R zones but are in the process of creating a bottoming structure. Ideal plays being: with an FA catalyst, AND a lower timeframe trigger to catch as we move from accumulation/reversal -> markup.
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