Arbitrum / USDT
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#ARB/USDT (ARB): Strong Liquidity Grab | Expecting Quick Recov

193
#ARB

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.

There is a major support area in green at 0.4200, which represents a strong support point.

We are heading for stability above the 100 moving average.

Entry price: 0.4400
First target: 0.4490
Second target: 0.4590
Third target: 0.4720

Don't forget a simple matter: capital management.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.