Arbitrum / USDT
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#ARB/USDT | Testing Wedge Breakout Amid Key Support

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#ARB

The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.

There is a key support zone in green at 0.01040. The price has bounced from this zone several times and is expected to bounce again.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.1111
First Target: 0.1141
Second Target: 0.1189
Third Target: 0.1239

Stop Loss: Above the green support zone.

Don't forget one simple thing: Money Management.

For any questions, please leave a comment.

Thank you.
İşlem aktif
ekran görüntüsü

#ARB
First Target: 0.1141 Reached
Second Target: 0.1189 Reached
İşlem kapandı: hedefe ulaştı
ekran görüntüsü
#ARB
First Target: 0.1141 Reached
Second Target: 0.1189 Reached
Third Target: 0.1239 Reached

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.