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/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.