Long on ARK/BTC, probable 10+% gain in a week
Updated
Hello everyone.
ARK has been a dumping machine in the past few days, which is fairly surprising to me, considering that it had a very big volume spike and 40%+ gain about 2 weeks ago.
It doesn't look that good right now, but based on past prices and its history, I doubt that it will go that much lower on a shorter time frame.
It's bound for a rebound as it's price dropped by a big margin in comparison to the EMA 50, so it should at least rebound 10+%. RSI selling pressure is ridiculous at the moment and not sustainable.
I'm adding some position at this level. Long term it's EXTREMELY oversold on the weekly and at the ATL price level in terms of BTC. This is why picking up ARK at these levels might be a good idea in longer and shorter time frame.
If you're looking for a quick 10%+ gain it's also a pretty good entry.
ARK has been a dumping machine in the past few days, which is fairly surprising to me, considering that it had a very big volume spike and 40%+ gain about 2 weeks ago.
It doesn't look that good right now, but based on past prices and its history, I doubt that it will go that much lower on a shorter time frame.
It's bound for a rebound as it's price dropped by a big margin in comparison to the EMA 50, so it should at least rebound 10+%. RSI selling pressure is ridiculous at the moment and not sustainable.
I'm adding some position at this level. Long term it's EXTREMELY oversold on the weekly and at the ATL price level in terms of BTC. This is why picking up ARK at these levels might be a good idea in longer and shorter time frame.
If you're looking for a quick 10%+ gain it's also a pretty good entry.
Trade closed manually
Similar to the BAT trade, this is not the setup I was looking for, so I'll exit the trade in profit of 5% and find another setup.Ark is actually looking pretty good for me, but it's not the setup I entered at.
Most important thing is that we are in profit so we're moving on.
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