$ARB #ARB 📉
Direction: SHORT
Entry zone: 0.145 to 0.147
Stop loss: 0.150
Target 1: 0.143
Target 2: 0.140
Arbitrum is trading near 0.146 dollars, down 0.32 percent in 24 hours, inside a range of 0.143 to 0.152 dollars, and the recent closes show sellers capping every push, 0.146, then 0.145, then 0.144, then 0.145, then 0.146. 🔴 My reading is that ARB is the range bound fader in a weak market, because it could not hold above 0.147 even while Bitcoin bounced from 67,628 to 69,275 dollars, and five closes stuck under resistance show sellers defending this level every time buyers test it. A short from the current zone, with a stop above 0.150, targets 0.143 first and then 0.140 if sellers break the range low. A break above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does ARB break 0.140 first, or reclaim 0.150 first? 🤔
Follow for more trades.
#Arbitrum #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.145 to 0.147
Stop loss: 0.150
Target 1: 0.143
Target 2: 0.140
Arbitrum is trading near 0.146 dollars, down 0.32 percent in 24 hours, inside a range of 0.143 to 0.152 dollars, and the recent closes show sellers capping every push, 0.146, then 0.145, then 0.144, then 0.145, then 0.146. 🔴 My reading is that ARB is the range bound fader in a weak market, because it could not hold above 0.147 even while Bitcoin bounced from 67,628 to 69,275 dollars, and five closes stuck under resistance show sellers defending this level every time buyers test it. A short from the current zone, with a stop above 0.150, targets 0.143 first and then 0.140 if sellers break the range low. A break above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does ARB break 0.140 first, or reclaim 0.150 first? 🤔
Follow for more trades.
#Arbitrum #Crypto #FuturesTrading #TradingSignals
