Next Trade

Arbitrium : $ARB

Position: LONG

Entry Price : 0.81

Target Profit : 0.84

Stop Loss: 0.795

Leverage: 20 -25x

Reason for Entry :

Fundamentals:

Resumption of the Arbitrium Odyssey will see more usage of Defi platforms on Arbitrium and most of these platforms involves staking Arbitrum hence reducing short term supply of ARB, also the vote to burn left over ARB from unclaimed drops will likely cause more drop in supply. Eth ETF will see surge in layer2 demand as well , alongside growth in web3 platforms.

Technical:

we are likely approaching a double button, on the Daily candle, 0.809 seems to be a strong support on the sell side whereas price has bounced across 0.78 as resistance to the sell pressure. We anticipate a full scale pump to 0.86, with 0.81 being the take off price point.

Good luck and please manage your risk, use stop losses, cut loses earlier and don't risk what you xant afford to lose.

#90daysTrade #Trader #Arbitrium