$ARB #ARB ๐
Direction: LONG
Entry zone: 0.1571 to 0.1577
Stop loss: 0.1551
Target 1: 0.1606
Target 2: 0.1629
Arbitrum is trading near 0.1574 dollars, inside a range of 0.1520 to 0.1625 dollars, and the recent closes are bouncing off the low, 0.1543, then 0.1558, then 0.1576, then 0.1574. ๐ My reading is that ARB is a low to middle range bounce, because it held near its low while Bitcoin recovered, and a bounce that starts from a defended low has room to run to the middle and then the high. A long from the current zone, with a stop below 0.1551, targets 0.1606 first and then 0.1629 if buyers keep pushing. A fall below 0.1551 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 rise to 0.1606 first, or fall below 0.1551? ๐ค
Follow for more trades.
#ARB #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 0.1571 to 0.1577
Stop loss: 0.1551
Target 1: 0.1606
Target 2: 0.1629
Arbitrum is trading near 0.1574 dollars, inside a range of 0.1520 to 0.1625 dollars, and the recent closes are bouncing off the low, 0.1543, then 0.1558, then 0.1576, then 0.1574. ๐ My reading is that ARB is a low to middle range bounce, because it held near its low while Bitcoin recovered, and a bounce that starts from a defended low has room to run to the middle and then the high. A long from the current zone, with a stop below 0.1551, targets 0.1606 first and then 0.1629 if buyers keep pushing. A fall below 0.1551 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 rise to 0.1606 first, or fall below 0.1551? ๐ค
Follow for more trades.
#ARB #Crypto #FuturesTrading #TradingSignals
