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!
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!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.