Based on my analysis arb is likely to push back up before the weekend . I think its at a good level right now and likely to t break to the upside soon. Its not the cleanest of setup, its more of a anticipation of bullish trend shift setup. Structurally price is in a down trend on the 1h tf but its at lower low point and at daily key level and showing signs of bulls taking back control so expecting a bullish flip.
Need some strong demand to break, I'll be monitoring it though incase it attempts to push and fail to break to potentially exit earlier..
Need some strong demand to break, I'll be monitoring it though incase it attempts to push and fail to break to potentially exit earlier..
Trade active
Repositioned arbitrum long
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.