ARBUSDT Potentially Bullish
ARBUSDT hits its lowest support area at the 0.4605 area creating a double bottom around the lowest support and a neckline at the 0.6537 level. We have seen the neckline broken and retested almost immediately however, price has come back to same area for a major structural retest. If this holds as a new found support, we just might see price going higher and a 10x is highly possible. Potential buying areas:
0.6537
0.7393
0.8228
I will not just buy at these areas without seeing price action setup indicating the buy opportunity, hence do your due diligence before taking any trade idea
Past results does not guarantee future results
#ARBUSDT
Trade active
ARBUSDT came to all the buying points and broke through the 0.8228 are. Price is currently retesting this zone and hopefully it holds. I will wait to see a price action signal towards the bullish move before getting in again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.