ARX is poised for a breakout after a clear market structure break, with price action now testing a crucial zone of confluence. This area has been a significant barrier in the past, and a successful breach could unlock substantial upside.
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$ARX LONG 📈
Entry $0.141658-$0.141942 | SL $0.137546 (-3.0%) | TP1 $0.143927 (+1.5%) | TP2 $0.148890 (+5.0%) | R/R 1:1.7 | Conf 64%
The combination of a CHoCH signal, volume confirming direction, and a fair value gap all point to a high-probability long setup, especially with the added confluence of an order block and liquidity sweep. The current structure suggests that ARX is building momentum to push through this key level. With multiple signals firing, including a clear POI confluence where the order block overlaps with the fair value gap, confidence in this setup is elevated.
A 3.0% stop loss may seem tight, but given the volatility of ARX, it's reasonable, and using 2x leverage could provide a good balance between risk and potential reward.
Taking partial profits at the first target point could be a prudent strategy, allowing traders to lock in some gains while still riding the momentum of the trade.
As always: manage your risk, this is not financial advice 🙏
$ARX #ARXUSDT #SMC #TradingSignals #Write2Earn