ARBITRUM - UPDATE - WHEN WILL THE BEARS GIVE UP

Updated

This is a critical point for arbusdt. First is to re-affirm that we are still bearish that is why we are still holding our SHORT position which we used to hedge our spot position. But also, we need to acknowledge at this point that there is one other scenario but it is irrelevant and insignificant there we will keep at this.

On the 1st DCA, it is possible that this move becomes corrective ABC rather than impulsive which means we might not see a new low and the ones waiting for lower will be sidelined. That is the reason for the 1st DCA while the 2nd is an opportunity to bag more ARBITRUM just at Sell-side Liquidity or call it Bear Trap.

We will be offloading our short position on perpetual below and use the proceeds to DCA on our spot. The invalidation level still remain the same. Hope you learn a thing or two. if you do, comment below, drop your opinion or suggestion too.

PREVIOUS ANALYSIS

ARBITRUM TOOK A TOTAL TURN $0.75 BE IT NEXT RESTING PLACE

OTHER ANALYSIS

ALGORAND SETS TO JOIN THE BULLRUN BUT AFTER 20% NUKE

ADA - PICK YOUR POSITION NOW AND ON HE LAST DIVE

NOTCOIN MADE ME 60% - WOULD YOU LOVE TO SEE MY BLUEPRINT

Note

perfection init? that is 25% if you took it.

Note

There will be no new update until this probably invalidates therefore, follow the blue print

DewyCandles

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