Trade 002 | Part 2 📈
Here's why I entered this
$ARB trade.
✅ Weekly Structure ARB broke the 0.0885 Weekly S/R level with nearly 2× the volume that drove the previous 35-day downtrend. After the breakout, price formed a higher high around 0.10, showing a potential shift in market structure.
✅ 4H Chart The 0.0885 support has been respected twice after taking SSL liquidity. At those reactions, price formed a Hammer and a Bullish Engulfing candle, making this a strong support zone in my view.
✅ 1H Chart Price is currently ranging. I considered this area a discount price and entered ARB at 0.0894.
The 1H chart also showed positive Delta Divergence, which supported my bullish bias.
However, after my entry, the latest candle printed negative Delta. This wasn't my expected scenario.
As I mentioned in my previous
$BTC analysis, Bitcoin was trading around a 1H support zone while 65150 liquidity was still below price. BTC is now taking that liquidity, which has pushed ARB down to around 0.0888.
At the moment, passive sellers are still active, limiting bullish momentum.
📌 My next focus is how ARB reacts after BTC completes its liquidity sweep. If the reaction is weak and the setup loses its edge, I may choose to exit at break-even.
➡️ Trade 002 | Part 3 will cover the next steps and how I manage this position.
#ARB #BTC