Long
ARPA/BTC - Local bottom (74%+ Potential Profit)
Great area for buying.
My reasoning:
I will target the Kill zone (red box) of the recent range. If price reaches the top of the box, it will be a 100% trade.
4HR:
1HR:
My reasoning:
- Location: Reload zone within a reload zone.
- Structure: Double bottom (previous week's open acting as support)
- Divergence: Healthy OBV, Willy coming out of stupid, histogram divergence has been confirmed on the 12HR.
I will target the Kill zone (red box) of the recent range. If price reaches the top of the box, it will be a 100% trade.
4HR:
1HR:
Trade closed: stop reached
How about that Binance dump? Market structure broken so I've exited the trade. If the selling continues, the next area of interest is at 104-105 sats. This is last month's open - purple line.Note
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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.