This analysis compares the current price action of ARB/USDT (left chart) with the previous Bitcoin cycle (right chart). The price action suggests a potential setup for a long position at a favorable discount, identified around the 0.382 retracement level (shown in red on the ARB/USDT chart).
Key observations:
We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity.
Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside.
The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher.
Trade Plan:
Entry: At the 0.866 level or lower, near the 0.382 retracement zone.
Stop Loss: Below 0.7558
Take Profit: Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
Key observations:
We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity.
Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside.
The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher.
Trade Plan:
Entry: At the 0.866 level or lower, near the 0.382 retracement zone.
Stop Loss: Below 0.7558
Take Profit: Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
💎💎- Professional Trader
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💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
