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CRYPTO MECHANIC
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Some of you are asking me about my thoughts on #ARKM
Looking the chart price is range bounded for over 60 days now ignoring that breakout above the range, Breakouts are not legit if it drops back below the break area again.
As long as price is range bounded i don't see any reason to buy it for a directional upside play.
Yes but if you're good at trading ranges you can play it in between. But for a directional play i think a break and hold above $0.4600 area can provide a better move with a clear invalidation.
As long as price is in between, no directional play.
Looking the chart price is range bounded for over 60 days now ignoring that breakout above the range, Breakouts are not legit if it drops back below the break area again.
As long as price is range bounded i don't see any reason to buy it for a directional upside play.
Yes but if you're good at trading ranges you can play it in between. But for a directional play i think a break and hold above $0.4600 area can provide a better move with a clear invalidation.
As long as price is in between, no directional play.
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