#ARB The price is moving in a downtrend on the 4-hour frame and is about to rebound down We have a trend to stabilize below the moving average 100 We have a downtrend on the RSI indicator that supports the rise by breaking it upwards We have a resistance area at the downtrend of the channel at a price of 0.5040 Entry price 0.5032 First target 0.4888 Second...
BINANCE:ARBUSDT Short idea for ARB I'm looking for this setup. ⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR Don't forget to 🚀 and comment
I hope it helps you find your entry point. Not financial advice.
it has high liquidity in the moment, it can move fast. so be aware of risk management
The price may head till the above hourly resistance and then get rejected there. It is likely that after that rejection, the price will move down towards hourly support around 1.36 zone. In other words, a short is favorable from the resistance.
The price is inching on the daily resistance. I think the price shall retrace down from that resistance. It will find support around 1.31 zone. A short is favorable here from the daily resistance to the hourly support zone.
The price got rejected from the 4h resistance area and landed on the 1h support zone. That produced a good bounce and led the price to reach the 4h resistance zone again. It is possible that this time the price will break this resistance and head to the up side. But lets monitor it and if it does so, a long would be favorable after the break of this resistance.