Think this is a decent long entry for Arbitrum here at the 1$ mark. Not the best outperformer though, but think we will see higher highs coming days/week.
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
Invalidation would be a daily close below 1$ but right now I would give this setup a decent chance to play out.
Stay safe!
Note
Not looking good with the whole Binance situation right now. Will wait for the pullback of Matri, Solana, Avax etc. and then decide what to do.
Note
Hm, think the scary part is now over as we didn't saw a nuke (meaning a 10% drop and higher), so this setup is still valid.Note
ETH seems to be leading this push. So chances are this was just a stop hunt.Note
Looks like there is an IHS in the making on the 4h chart with 1$ being the low of the right shoulder, so this would be our invalidation for this week.Trade closed: target reached
Out of trade. :)
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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.