ARB 1D. Ready for a Breakout. 12/14/24

Currently, the price is consolidating between support at $0.8313 and resistance at $1.1354. During the recent correction, the support level was held, signaling bullish sentiment among buyers.

It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about potential drawdowns, reversal levels are highlighted where additional entries can be made if needed.

Here are my parameters:

Entry Point (EP): Current price
Take Profit (TP): $1.6450, $1.9204, $2.2746
Stop Loss (SL): $0.7923