Arbitrum cryptocurrency or the ARB coin was trading in a range from past few weeks. The price has recently broken down the support and currently going up for a retest.
I expect a bearish continuation.
A short can be initiated.
Entry- 1.14
Stop loss- 1.25.
But if a daily closes back above the broken support turned resistance, exit the trade. No need to wait for stop loss to hit.
Target- 0.5. However, keep booking profits as price goes down and trail your stop losses.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
I expect a bearish continuation.
A short can be initiated.
Entry- 1.14
Stop loss- 1.25.
But if a daily closes back above the broken support turned resistance, exit the trade. No need to wait for stop loss to hit.
Target- 0.5. However, keep booking profits as price goes down and trail your stop losses.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。