ARB - Clear Triangle Breakout - Long Trade#ARB/USDT #Analysis
Description
---------------------------------------------------------------
+ ARB has unmistakably formed a symmetric triangle pattern and has broken out from it.
+ Currently, the price is retracing back to its support level.
+ I perceive this as a favorable opportunity to enter a long trade with an appropriate stop loss in place.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 2.063
Stop Loss: 1.704
------------------------------
Target 1: 2.2365
Target 2: 2.5830
Target 3: 3.17
------------------------------
Timeframe: 4H
Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo