ARPAUSDT trade ideas
🔥 ARPA About To Break Out Of TriangleARPA has formed a nice bullish triangle on the 4H chart. This idea is based on a break out of said pattern, so please wait till the price close above the upper resistance of the triangle on a high time frame.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.
Happy trading!
ARPA break outI've been checking ARPA for the last 3 weeks, it took a lot of time to break out from this triangle. I don't know if the price will rise as slowly as it took it to breakout but my potential profit is there on the chart, most of it is yest to be reached.
You might try opening a spot position but use stop losses:
- safe stop loss which could trigger easily: behind the triangle side at 0.02845
- wide stop loss difficult to trigger but which would lead to a almost -10% from current price: 0.02719
✳️ARPA Chain/USDT Analysis (24/1) #ARPA $ARPAARPA has just got out of its downtrend and it can be very strong to $0.04 zone or even the ATH at 0.055$ within a few days
📈BUY
-Buy: 0.025-0.027$. SL if B
📉SELL
-Sell: 0.038-0.040$. SL if A
-Sell: 0.053-0.055$. SL if A
♻️BACK-UP
-Sell: 0.025-0.027$ if B. SL if A
-Buy: 0.015-0.016$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ARPAUSDT is inside an ascending channel 🦐IF $ARPA.X will have a breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BINANCE: ARPA/USDT🛒 Pair: ARPA/USDT 🛒
== SPOT==
⏰ 1399/10/09⏰
🕰 28/12/2020 🕰
Duration:
📈 SCALP - SHORT 📈
Ex: Binance
🛒 Buy: 0.025 - 0.026 🛒
👉Sell Targets👈
🎯TP1: 0.02695 🥉
🎯TP2: 0.02795 🥈
🎯TP3: 0.02995 🥇
🎯TP4: 0.03145 🏆
🎯TP5: 0.03345 🚁
🎯TP6: 0.03545 ✈️
🎯TP7: 0.03745 🚀
🎯TP8: 0.03995 🛰
⛔️ SL: 0.02295 by closing 4hrs. candle below
**Breakout from horizontal level**
**Good news around**