$ARB: WAIT - waiting for a bounce back into the broken 0.1500 shelf.
What happened: ARB held around 0.1500 for five hours, then price fell below support and flushed to 0.1416. It bounces near 0.1475 while Bitcoin stays weak near 69k.
Entry: 0.1500, only after price taps 0.1500+ and an hourly candle closes back under 0.1500.
Stop loss: 0.1525, about 1.7 pct above entry.
Target 1: 0.1440, gives 1.9 times the risk.
Target 2: 0.1416, gives 2.7 times the risk.
Skip longs into 0.1480 to 0.1500, that broken shelf is now overhead resistance.
What cancels the idea: two hourly candle closes above 0.1525 end it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: ARB held around 0.1500 for five hours, then price fell below support and flushed to 0.1416. It bounces near 0.1475 while Bitcoin stays weak near 69k.
Entry: 0.1500, only after price taps 0.1500+ and an hourly candle closes back under 0.1500.
Stop loss: 0.1525, about 1.7 pct above entry.
Target 1: 0.1440, gives 1.9 times the risk.
Target 2: 0.1416, gives 2.7 times the risk.
Skip longs into 0.1480 to 0.1500, that broken shelf is now overhead resistance.
What cancels the idea: two hourly candle closes above 0.1525 end it.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
