#ARB/USDT - Long - Potential 18.18%

Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_ARB
Exchange: BINANCE
Timeframe: 360

TP1: 1.3504
Entry: 1.1427
STOP: 1.0477

At the minute we're seeing DEFI re-tooling for the coming bull run, with project announcements and development activity increasing (or at least increasing in visibility).

ARB yesterday announced BOLD (Bounded Liquidity Delay), a dispute protocol that can enable permissionless validation for Arbitrum chain. In June the announcement (which I missed!) of the Orbit toolkit moved price 17% so I'm structured here to take advantage of a similar price range.

Personally I'm only working to the top target but the Fib levels on the chart should act as good incremental targets if you're taking a big position and want to lock in profits.

In terms of entry I'm waiting to break the trendline to confirm.

Let me know what you think!